From the maker of the video poking fun at QE2 comes another funny video on the bank bailouts.
Source: Omid Malekan.
The video takes issue with recent announcements that the government is expected to make a $12.3 billion profit on the $45 billion investment in Citigroup
The U.S. government made $13.5 billion selling its stake in General Motors
With that said, TARP is still expected to cost taxpayers $28 billion. It's a scary thought that $28 billion is less expensive to taxpayers than we first feared.
The video also takes issue with government warnings that banks were too big to fail, but then allowed and encouraged banks JPMorgan
The video goes on to highlight some other absurdities from the financial crisis, like ex-Merrill CEO John Thain, now CEO of CIT Group
Give the video a look and let us know what you think. It's meant to be incendiary, but the absurdity of the events it chronicles takes care of that on its own.
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