Mish digests the Special Inspector General's quarterly report to Congress regarding the Bush/Paulson Troubled Asset Relief Program (TARP).Read it all, but the headline and the illustration above gives you the gist.
I know -- why doesn't Congress try the same con again once the commercial real estate market (and all of the paper written against it) goes totally flatline later this year.....
After all, the kids, grandkids, and as-yet-unborn great-grandkids haven't tried to kill us in our sleep.
Yet.
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