Monday, October 5, 2009

Understanding the Bailout

Due to both the complexities of the finance involved, a lack of transparency at the Treasury and unbelievably bad reporting, it's been difficult to understand both the bailout of the major US banks.

Want to understand what's going on? This article by Chris Hayes and Nomi Prins explains things as well as I've seen anywere, and comes with this fairly scary graph:

Read the whole thing, you won't be dissapointed.

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