The U.S. government is basically using the taxpayer to guarantee against downside risk on the value of these assets, while giving the upside, or potential profits, to private investors, “Quite frankly, this amounts to robbery of the American people. I don’t think it’s going to work because I think there’ll be a lot of anger about putting the losses so much on the shoulder of the American taxpayer.”
-Nobel Prize-winning economist Joseph Stiglitz comments on the newly unveiled Toxic Assets Plan
BSA Images Of The Week: 05.20.18 / Colombia Special - You guys watch the royal wedding yesterday? We got the highlights, enough to make us cry. Not everyone is happy about these things, but then they see the h...