Don't let anyone argue that it IS possible because of some mumbo jumbo accounting "complexities" that YOU don't understand. If they made a profit they don't need any US tax payer money, period... unless that profit goes directly to paying off its bailout obligations the the US tax payer.
Update: Wells Fargo is one of the top five banks that need a tax payer subsidy ($13.7 Billion). MORE
2 comments:
The financial manipulations keep getting more and more extreme. Keep pushing on this. You are really on to something.
If you get a chance... and it took me a while... check out This American Life's take on the Bad Banks... (Feb 27, 2009). Very well done, and that recommendation comes from a cynic.
Post a Comment