Not sure where the "greek" bailout is. Greece defaults -> GS has loss (which is insured by AIG) -> AIG pays GS -> Fed pays taxpayer $ to AIG.Quote from jorgez:
exactly.
Can you imagine the Greek Taxpayers (as few as there are) being bailed out by a socialist global Insurer underwritten by Tax Payers from The Land of the Free.
"Irony" does not quite cover it.
another point they made in that article was we are going thru this again and this time the banks are weaker than when first wave came thruQuote from DarthSidious:
Not sure where the "greek" bailout is. Greece defaults -> GS has loss (which is insured by AIG) -> AIG pays GS -> Fed pays taxpayer $ to AIG.
Haven't I seen this movie before?