Thursday, October 21, 2010

If it moves, tax it. If stops moving, bail it out. No, if its moving, bail it out, too!

The government made money on its banking sector bailout. 8% it turns out, which is pretty good for this year.

I predict that the government will lose money on its bailouts of General Motors, Fannie Mae, and Freddie Mac. But it will have bought a lot of votes for the next election, so hey that's value!

And let me remind you, hedge funds in this country did not require bailouts. Sorta like the banks in Canada.

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