On Mar 28, 2011, at 10:56 AM, MICHAEL YATES wrote:
> Interesting piece by Dean Baker criticizing Robert Samuelson'a argument about the low cost of the TARP:
>
> http://www.cepr.net/index.php/beat-the-press/
Dean links to an earlier piece of his, which links to a CNN piece
http://money.cnn.com/2009/07/22/news/economy/tarp.warrants.fortune/
with this quote:
> "That sounds pretty good," said Rep. Dennis Moore, D-Kansas, said of the 23% annualized return taxpayers got on their $10 billion investment last fall in Goldman, "but is it good enough?"
It may not have been good enough, but 23% is a long way from the 1% hypothetical Dean offered.
Doug