Small loss reported in Bailout of Banks.

New York Times posted some promising news today about the Treasury Deparments report of a possible loss of 42 billion of of the 370 billion used in a bailout.

Whats even better is that they report this years deficit spending could lower from 1.5 trillion to 1.3 trillion with the return of this bailout money.

Im stil very skeptical if there will be a large enough return to prove that this bailout worked. In my opinon, more banks should have failed for their misuse of funds, and bailing them out just lets them continue the risk. But if they do turn a small profit, or almost break even, ill be amazed.