So That’s Where the Money Went
For more: http://nyti.ms/fQs535
Not that we should expect to receive any thank-you notes from these institutions for rescuing them from themselves. Still, it’s good to know who got what at the bailout banquet. This helps us understand how expensive it is to live in a nation where big, politically interconnected financial institutions are not allowed to fail — even after they mess up in the most catastrophic of ways.