That article is a little deceptive. It is mainly tracking TARP, it doesn't track the money injected into banks by other methods (like the FED directly buying subprime loans and manipulating the market).
I totally disagree. The Fed isn't taxpayer's money (except maybe inasmuch as its actions effect the money supply).
When people talk about "tax payer dollars" they are talking about funds the federal government has gotten directly from the people through taxes. That is exactly what TARP was.
Godel_unicode|8 years ago
When people talk about "tax payer dollars" they are talking about funds the federal government has gotten directly from the people through taxes. That is exactly what TARP was.