CNN Anchor Erin Burnett mocked the Occupy Wall Street protest during her show recently. Burnett asked a protester if he knew taxpayers “actually made money” on the Wall Street bailout. The protester responded that he was “unaware.”
“Yes, the bank bailout made money for the taxpayers, right now to the tune of $10 billion,” Burnett said. “These are seriously the numbers. This is the big issue? So…we solved it.”
As that exchange demonstrates, the bailout was a success or a failure depending on how you look at it. If you look at direct cash expenditures and receipts, the government has broken even or perhaps made a profit. But that doesn’t seem correct to many. Intuitively, many people from across the political spectrum have a strong suspicion that there are other costs that are not being captured by direct dollar figures.
- Financial Sector