The special inspector general for the Troubled Asset Relief Program, Neil Barofsky, this week calculated that the government rescue of the financial system could end up totaling $23.7 trillion, counting loans, grants and guarantees from the Treasury, the Federal Reserve, the FDIC, the Fannie and Freddie rescues - the whole kit and caboodle.
To which Pepe replies: the tension between fcp alarmism and its failure to materialize is amazing. Whatever, dude. Just keep on smoking that pinko-colored weed, and you'll see la vie en rose, all the time.
Thursday, July 23, 2009
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