frank miller

[David Morris]

No argument about the need to "bail out" financial institutions, but
the terms of the deal could have been much better for the lenders (US
taxpayers).  But even more important is Yglesias's point:

"THE REAL SCANDAL -- Abandoning activism for the rest of us"

On Mon, Nov 28, 2011 at 7:54 PM, Robert Mahnke <rpmahnke at gmail.com> wrote:
>
> Separate and apart from the money that financial institutions received from the government, but as a direct and foreseeable result, the taxpayers received a huge benefit, relative to what could have happened, in that a collapse of financial institutions would have had a massive effect on the rest of the economy.  My point is not that we are better off when the 1% get free money; it's that we are better off when the government averts a financial crisis.
>
> Matt Yglesias puts it well here:
> http://www.slate.com/blogs/moneybox/2011/11/28/how_the_fed_s_generosity_made_13_billion_for_america_s_biggest_banks.html