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NEEL K: I remember his explanation, broadcast live on TV before an anxious group of "bankers."
I believe the live audience was consoled with the bailout plus the promise that their bonus/options would not suffer. This has proven true. The irony is that saving Wall Street's' slick operations has not trickled down to the unemployed, nor to the foreclosed homeowners. Success or betrayal depends on your where you are in the pecking order!