Meet the Hazzards [A rough guide to the US bailout and stimulus]
An August 30 New York Times article, "As Banks Repay Bailout Money, U.S. Sees a Profit," gives the impression that taxpayers should be happy to have made $4 billion on the deal, as if our checks were in the mail. But when the government became Wall Street's bank, it wasn't just $700 billion of TARP money that flew north to Wall Street. TARP was but a small fraction (roughly 4 percent) of the full $17.5 trillion bailout and subsidization of the financial sector.
via thenation.com
