This post is dedicated to all my Obama-supporting friends who told me we needed to prevent our financial system from collapsing, too big to fail, what about the children, etc . . .
“Recall the number of times that government officials told taxpayers that we would make money on investments in AIG and the like. Well, so far we’ve lost $159 billion dollars across all our TARP investments. The loss is calculated as the difference in funds committed and allocated to securities and the market value of those securities. That loss represents 36% of the funds committed and actually allocated.
Not that anybody in the media or the financial industry would want you to know that.”