Treasury Paid $78 Billion More for Crap
By Tommy Leung on February 6th, 2009 in Economics, Politics
Not that this should be a surprise anyone but, the US Treasury paid $78 billion extra for Wall Street assets–I really meant crap–last year with the TARP funding. As is usually the question, who is going to regulate the regulators?
The government never does anything right and paying 30% extra for “toxic” assets is completely in character. How can we possbily trust these idiots to man an “economic recovery” when they can’t even do this correctly?
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Tags: 78 billion, financial crisis, overpaid, tarp, treasury, wall street assets
