Tuesday, July 21, 2009

Financial Bailout Exposure

The Chicago Tribune reported that the watchdog overseeing the federal government financial bailout says the government's maximum exposure to financial institutions since 2007 could total nearly $24 trillion, or about $80,000 for every American.

That's $80,000 for every man, woman, and child!

  1. Surely this staggering figure is not just the result of giving mortgages to minorities that could not afford it.
  2. I still can't believe that not one of the Wall Street wizards responsible for a mess this huge has been held accountable. In fact, Goldman Sachs is doling out big bonuses ($700,000, on average) to many of the very people who made our country poor!

Where's the outrage?

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