First off, it was trillions AFAIK.
Secondly, the impact of the bailout on the global economy is still playing out:
http://www.tradingeconomics.com/united-states/money-supply-m...
While I'm agreeing with you, I'd go further to say that the impact of socializing the fraudulent losses of these firms simply has yet to be felt.
First off, it was trillions AFAIK.
Secondly, the impact of the bailout on the global economy is still playing out:
http://www.tradingeconomics.com/united-states/money-supply-m...
While I'm agreeing with you, I'd go further to say that the impact of socializing the fraudulent losses of these firms simply has yet to be felt.