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In the midst of this late-September drama, the Treasury Department issued a five-sentence notice that attracted almost no public attention. Corporate tax lawyers quickly realized the enormous implications of the document: Administration officials had just given American banks a windfall of as much as $140 billion.

link: (http://www.washingtonpost.com/wp-dyn/conte...)
submitted by: RuckeR   Nov 10, 2008
category: News keywords: banks, treasury, bailout, money, taxes
Discuss It!
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Well I noticed them and I'm mad as hell.
posted by: OrangeQueen     Nov 10, 2008
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My math's not great. 90 year lifespan, $45,000/year.
(/ 140000000000.0 (* 90 (* 365 (* 15 8))))
That's about thirty-five thousand human lives?

Put differently. Divided by three-hundred million americans,
it's about $470 each. If you make fifteen dollars an hour, then it's only a paltry 31 extra hours of work you're gonna hafta put in...
posted by: numbersign     Nov 10, 2008

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