Financial Bailout Exposure
The Chicago Tribune reported that the watchdog overseeing the federal government financial bailout says the government's maximum exposure to financial institutions since 2007 could total nearly $24 trillion, or about $80,000 for every American.
That's $80,000 for every man, woman, and child!
- Surely this staggering figure is not just the result of giving mortgages to minorities that could not afford it.
- I still can't believe that not one of the Wall Street wizards responsible for a mess this huge has been held accountable. In fact, Goldman Sachs is doling out big bonuses ($700,000, on average) to many of the very people who made our country poor!
Where's the outrage?