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We Are Giving Them Our Real Money to Make Up for Losses of Pseudo Money that Never Really Existed

In response to an essay about the government bailouts, I received the following comment:

"I posed a question to a few ‘experts’ asking where all this lost money had gone, or if it ever existed, but got no reply.

A couple of days later I heard the same question asked to a BBC radio business program. They went across the road from the BBC studio, to the London school of Economics to ask 2 of their senior lecturers this question.

Their answer? No, the lost money never really existed!

So now we are giving them OUR money to make up for the losses that only really existed as 1s and 0s in their computers. Unbelievable."

http://georgewashington2.blogspot.com/2008/10/we-are-giving-them-our-money-to-make-up.html