5 Years From Lehman: How The Treasury Thinks It Saved The World

5 Years From Lehman: How The Treasury Thinks It Saved The World

Compare and contrast… “The Treasury’s perspective of all the wonderful multiple-mnemonic-based bailouts that ‘rescued’ us from a fate worse than death and any and all counterfactual worlds” versus the $8 Trillion in additional debt – monetized in large by the Fed – that drove ‘recovery’ in US (and global) equity prices back to where we started.

The Treasury view (seems like they didn’t achieve too much with all their rescue efforts)…

Until The Fed started printing money…

Still – what’s another $8 trillion to US taxpayers when the Top Decile can keep growing richer?

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