Thursday, February 05, 2009

So, Mr Congress, how is that bailout thing so far?


We paid $254 billion for assets that were worth $176 billion. Lets see, that $78 billion of Taxpayer dollars down the toilet!!


Link
The chairwoman of the Congressional Oversight Panel for the bailout funds told the Senate Banking committee Thursday that Treasury in 2008 paid $254 billion and received assets worth about $176 billion.

Oh, and we were told there would be no earmarks in the bill. There are earmarks and how.