The 'Low-Down, No-Good Godawful' Bailout Worked (For the Banksters)

"The bailout of the financial system is roughly as popular as Wall Street bonuses, the federal budget deficit or LeBron James in a Cleveland sports bar. You hear over and over that the bailout was a disaster, it cost taxpayers a fortune, we didn’t really need it, it didn’t work, it was a failure. It has become politically toxic, which inhibits reasoned public discussion about it.

But you know what? The bailout, by the numbers, clearly did work. Not only did it forestall a worldwide financial meltdown, but a Fortune analysis shows that U.S. taxpayers are also coming out ahead on it — by at least $40 billion, and possibly by as much as $100 billion eventually. "

Read the Washington Post, It was a low-down, no-good godawful bailout. But it paid.

Thank God we saved the Banksters, but why?