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Reply #32: Except that the OP describes it so badly [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
bhikkhu Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-11-10 09:57 PM
Response to Reply #30
32. Except that the OP describes it so badly
...seriously, the whole thing is about overnight loans made during the credit freeze-ups before and after inauguration. If you followed the economic news at the time you knew it was going on, it was widely reported on and debated over, and eventually it worked out very well - the short term loans prevented large scale bank failures and were all repaid, with interest. The whole program was at a considerable risk due to the sums involved and the uncertainty of the times, but its close to a final accounting and seems to have done better than broken even - at no actual cost to taxpayers.
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