Re: The Great Bailout Backlash

Bruce Geerdes <[email protected]>
Newsgroups gmane.music.dadl.ot
Message-ID <[email protected]>
>
> As it stands, the federal government may actually end up turning a modest
> profit on the money injected into Wall Street’s failing banks.
>

The problem being that the government will have profited because the banks
have profited even more off of the situation.

The banks take incredible risks in boom times, they profit. The banks take
incredible risks in busts, the market tanks, they get bailed out and then
they get to profit from the market's recovery. Win-win situation for them,
but not for us.

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