View Full Version : Bailout turnavbout

Dan McCosh
01-26-2012, 04:12 PM
Watching the SOTU speech, I thought it odd that the Golden Gate Bridge was listed alongside Boulder Dam as an example of a successful government project. Mainly because I had thought the Golden Gate bridge was built by a private corporation. Turns out, however, that it was built by a California bridge authority, funded by government bonds. But no one bought the bonds, until the Bank of America bailed out the authority, purchasing all the bonds. Makes you wonder how longer it took the bank to get its money back.