Monday, December 7, 2009

Good news?

The Treasury Department expects to recover all but $42 billion of the $370 billion it has lent to ailing companies since the financial crisis began last year, with the portion lent to banks actually showing a slight profit, according to a new Treasury report.

The "good news" is that the government "only" lost $42 billion of the $370 billion it threw at "ailing companies".

Think of how many upside down homeowners could have been put right side up with $42 billion.

But, I guess bailouts are only for rich people.

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