Wednesday, Sep 16, 2009
Where did all the money go?
Vanity Fair: Good Billions After Bad
"As the Bush administration waned, the Treasury shoveled more than a quarter of a trillion dollars in tarp funds into the financial system—without restrictions, accountability, or even common sense."
Posted by becky @ 10:55 PM (355 views) Add Comment
2 Comments
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1. devo said...
Vanity Fair says: Treasury concluded that the task of buying up toxic assets would take too long to help the financial system and unlock the credit markets
Devo says: Treasury concluded that all the money in the world couldn't buy up the toxic assets.
printy printy
2. alan said...
Gold hit $1022 today, up again. As people realise what's happening, gold will slowly rise. No surprise then.
I wonder who is holding all that dollar debt....oh yes, its the Chinese.