What began as a small story about returns on TARP paybacks in The Wall Street Journal last week has now become a full-fledged media frenzy:
- As Banks Repay Bailout Money, U.S. Sees a Profit (NY Times, Aug. 30)
- Bailouts Yield Returns Amid Risk (WSJ, Sept. 1)
- Fed makes $14bn profit on crisis loans (FT, Aug. 31)
- Meltdown 101: Earning profits on bailout money (AP, Aug. 31)
Setting aside the media’s pack mentality, the issue is whether this is something to rejoice or an example of “bailout propaganda,” as Matt Taibbi declared on his blog.
Fact vs. Bailout Fiction: “Way Too Early” to Talk Profits, Bianco Says
Sep 02, 2009 07:30am