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Philip Greenspun on Citigroup: "It would be tough to come up with a better example of socializing loss after the management of Citigroup privatized and pocketed gains." (See also my notes on the financial crisis)
Update: The bailout tab is now past $4 trillion. That's more than Marshall Plan, Louisiana Purchase, moonshot, S&L bailout, Korean War, New Deal, Iraq war, Vietnam war, and NASA's lifetime budget - combined.
