Glad to see that the government feels fine turning a 1.2 trillion! bailout into a huge and growing loss for taxpayers while banks and private investors make boatloads of money.
What cannot be disputed, however, is the financial bailout’s biggest loser: the American taxpayer. The US government, led by the Treasury Department, has done little, if anything, to maximize returns on its trillion-dollar, taxpayer-funded investment. So far, the bailout has favored rescued financial institutions by subsidizing their losses to the tune of $356 billion.