Man 1: A tax! on bankers!? Madness!
Man 2: No worries... we pay taxes now. We get it back tomorrow as bailouts.
Man 3: And next year as bonuses.
Arrggh. The bailout was passed by Congress in Oct. 2008. For those with even shorter memories than some of the posters here, Bush was still president in Oct. 2008. The bailout concept and legislation was written and structured by hank Paulsen, Bush’s Treasury Secretary.
October 01, 2016