September 1, 2009

Many Happy Returns

I unfolded my New York Times this morning and read an article about the money the Treasury has earned on its bail-out investments:
http://www.nytimes.com/2009/08/31/business/economy/31taxpayer.html
Yes!  I was waiting to read this story in a major news publication.  As wariness over the bailout has increased, and the deficit has grown, the government should be shouting this news from the rooftops: we made money!  We made money while easing the recession!  Seriously, 15% annual return, in this economy?  Sign me up!

The Federal Reserve too has done well:
http://www.ft.com/cms/s/0/0296cf1a-9594-11de-90e0-00144feabdc0.html?nclick_check=1

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