Quote from Daal:
The Fed made a lot of money on those loans, its not likely to be the case with a bankrupt company which had already pledged everything to stay afloat
Yes, overpaying for billions/trillions/whatever of toxic assets is a great deal. Shrewd investors, those Fedsters.
http://www.insurancejournal.com/news/national/2009/03/11/98586.htm