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: novalawcity

Those who do not learn their lesson from past bailouts

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Pro Publica has an intriguing site examining the history of government bailouts.  By means of varying sized circles, they compare the size of the bailouts, in today's dollars.  TARP wins, hands down, but the Savings & Loan bailout of  1989 comes in a respectable second.  From time to time, we the people get repaid.  The government made a profit the last time it bailed out a car company (Chrysler, 1980).  Those who vilify New York (1975 bailout) should note that it paid off all of its loans.

Full post as published by novalawcity on April 14, 2009 (boomark / email).

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