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by sedtrader 3107 days ago
> bank bailouts with taxpayer money

You do know the banks payed back the bailout money with interest and added fines right? Overall it was a net positive for tax payers. Not sure how that's a fraud... Your other examples are suspect as well...

2 comments

Just because they were able to sell it this time doesn't mean it was a good decision.

If in Russian roulette you have a chance of 1 in 6 to win 1 million and 5 in 6 to die, winning the million doesn't mean you made a good decision.

What happens if they cannot sell it? They lose lots of money, equivalent to food and shelter for millions of the poor or maybe ten thousands of chemo-therapies. Government is not good with investment.

Yes, NJ did illegal actions and they were charged with fraud... Not sure what you are saying here? You are supporting my case.
Yes I am supporting your case. I should have posted more than just the link.