Friday, 11 January 2013

Secrets and Lies of the Bailout by Matt Taibbi

In the upcoming issue of the Rolling Stone, Matt Taibbi has put together perhaps the best article on the bail-out of the "too big to fail" banks and companies I have ever read, aptly titled "Secrets and Lies of the Bailout". It gives an excellent overview of what actually happened at first with TARP and the bail-out and what has happened since including some details which are hard to believe unless you're already fairly familiar with what happened. You can read the article (5 pages long), which is a must read, here (through Mark Thornton).

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