"The Government Might Actually Make Money" on the Bailout (Apparently Not)
A popular rationalization for the bailout was that any losses to the taxpayers were probaby temporary and that the"government might actually make money."
A new report from Treasury Department's independent watchdog, however, has poured a bucket of cold water on this dubious claim.
The report finds it"extremely unlikely" that the taxpayers will recoup their losses, much less make a"profit."
- New Hampshire professors at odds with library over discarded books
- Troubled history fuels Japan-China tension
- Independent Scotland's last gasp forgotten in Panama jungle
- LBJ was the ‘most-threatened president in American history’
- New exhibit at the World War I Museum ... Over by Christmas: August-December 1914
- Ken Burns on Colbert to promote his new documentary, "The Address"
- UC Santa Barbara History Department featuring a series on the Great Society at 50
- Historians are trying to recover censored texts from World War I poets
- Diane Ravitch blasts the NYT for failing to understand the controversy over Common Core
- Mormon history professors debate atheists in bid to foster greater understanding