Thursday, November 6, 2008

Our taxdollars at work part 5

"Who'd have thought we might be on the hook for paying the defense costs when we're also paying the prosecution costs?"
Taxpayers may be on the hook for millions of dollars in legal bills for Fannie, Freddie execs
When the Treasury Department delivered a $200 billion bailout to Fannie and Freddie, that obligation passed to the government, which may find itself paying for the lawyers defending the executives against the government's own prosecutors.

It appears that the $700 billion gift to the banks seems to work after all...

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