Remember how, back when Congress was negotiating with the Bush administration over the terms of the bailout, one of the major sticking points was Rep. Barney Frank’s insistence that taxpayers receive equity in the companies we were saving, so that we could at least get our money back down the road? Well, Frank largely won on that point. We’re now all part owners of Goldman Sachs, Bank of America, Citigroup, and all the rest.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=147013