"It's just a scheme to transfer losses from the bank to the taxpayer with an egregious payout to a middleman (SAC) to effectively money launder the transaction. You've also transmuted a $30mm economic loss into a $36.75mm economic loss because of the laundering. So its incredibly inefficient. How did fraud and money laundering become the national economic policy of the US? One would have to be a criminal to participate in this," - a commenter at Naked Capitalism.
We want to hear what you think about this article. Submit a letter to the editor or write to firstname.lastname@example.org.