> I was making a point, I didn't say it was the rate of return on TARP
Doug
----
On Mar 28, 2011, at 11:32 AM, Doug Henwood wrote:
>
> 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
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