Just wonderful

[xave]

So we end up paying 700 billion, excuse me 801 billion dollars in addition to the hundreds of millions of dollars that have already been pumped into these institutions by the Fed, so that they can run out of money and fail months or years down the line because they over leveraged their own debts. How exactly is that supposed to save anything? The

Comments

[kattikawn]

I'm highly annoyed with this as well. If my boss went out of business tomorrow, the government wouldn't step in and bail him out. Why should these banks be any different?

[xave]

Especially if it cost you 2670, which is the price per citizen that this bail out is going to cost.