Shocker

by Russ Roberts on February 5, 2009

in Financial Markets

We're (that's you and me, the taxpayers) aren't going to break even after all, on the Bear Stearns shotgun marriage the government facilitated. We're going to lose a few billion. Maybe 30 or so. Remember when that was a lot of money?

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{ 7 comments }

wkuecon February 5, 2009 at 4:59 pm

We're aren't?

dg lesvic February 5, 2009 at 7:11 pm

Bravo to Michael Smith for that brilliant summary, and for Prof Roberts for bringing it to our attention.

Jacob Oost February 6, 2009 at 1:41 am

So what country are you guys going to flee to? I'm thinking Australia.

shawn February 6, 2009 at 2:18 am

This is *the* shocker. n/m if you don't know what I mean.

Methinks February 6, 2009 at 9:22 am

The government overpaid? Shocking.

Jacob, I'm thinking Singapore. The Virgin Islands may be pretty good too.

muirgeomuirgeo February 6, 2009 at 8:26 pm

Jacob, I'm thinking Singapore. The Virgin Islands may be pretty good too.

Posted by: Methinks

Yeah Singapore sounds real good. See ya! Send us lots of post cards.

wintercow20 February 7, 2009 at 9:22 am

By the way, that was Geithner's deal from start to finish. Expect more of the same.

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