The numbers are so big now that they are meaningless. And the baldfaced criminal actions of all the public "servants" involved will go unpunished, except for those who screw up their escape plans.
Fed Chairman Ben S. Bernanke and Treasury Secretary Henry Paulson said in September they would comply with congressional demands for transparency in a $700 billion bailout of the banking system. Two months later, as the Fed lends far more than that in separate rescue programs that didn't require approval by Congress, Americans have no idea where their money is going or what securities the banks are pledging in return.
We are at the point where the two Chinese gentlemen were, there in the bottom of their hole selling rocks to each other.
One will end up with all the rocks sooner or later. But he will starve, too, just the same.
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