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<p>[QUOTE=&quot;Cloudsweeper99, post: 793379, member: 3011&quot;]I think the major point is that almost none of the funds were used for stimulus.&nbsp; They were given to financial institutions to replace the reserves lost through speculation.&nbsp; Almost none of it was &quot;spent.&quot;&nbsp; Some of it was laundered through AIG to payoff Goldman [and others] 100 cents on the dollar while other creditors took major haircuts on the same investments.&nbsp; Now it turns out that most of the institutions that took the money never really needed it.&nbsp; And the Fed seems to have instructed some of them to lie to the SEC about where the funds went.&nbsp; The debt incurred to pull this off will be a major drag on the economy for decades to come.&nbsp; In the upside down world that has been created, the losses resulted in executives getting record bonuses, shareholders hanging on to their capital, and citizens paying off defaulted contracts so the bondholders get paid.&nbsp; Nobody lost except the citizens.[/QUOTE]</p><p><br /></p>

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