NJ5 on 11 July 2009
How much of the bail out money will be paid back is still unknown. If I recall correctly a lot of it was exchanged for shares in the banks which might be close to worthless.
Thousands of government people to oversee the transfer of some assets to other banks? I don't think so... Just the normal amount of people involved in any bankruptcy or corporate sale.
As for hindsight and smart people in powerful positions... who knows what they knew or thought. But there were plenty of people who understood precisely what the banks' problems were.
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