Bailout 2008: The Pie Chart

November 30, 2008
By

Check out this eye popper on Voltage Blog


Of course, as many have noted, this bailout cost calculation assumes that the assets that the government (taxpayers) bought have zero value. While I’m sure that the Bush Administration and the honchos on Wall Street are working night and day to make it so, they’re running out of time. Still, you’ve gotta hand it to these folks, they’ve displayed an astounding ability to make gobs of money disappear without a trace.

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