2009-01-26calculatedriskblog.com

"[M]ost members of the Obama economic team concede that the rapid deterioration of the country’s biggest banks, notably Bank of America and Citigroup, is bound to require far larger investments of taxpayer money, atop the more than $300 billion of taxpayer money already poured into those two financial institutions and hundreds of others. But if hundreds of billions of dollars of new investment is needed ... what do taxpayers get in return?"



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