Thread by @JuddLegum

1. Congrats!

You just helped buy the most expensive home in America.

Oh, you don't know what I'm talking about?

Let me explain.

goo.gl/3D1Qqs

2. The record-setting new home is a 24,000 square foot penthouse in Manhattan

The purchase price was $238 million.

It was bought by hedge fund owner Ken Griffin

But he couldn't have done it without you!

goo.gl/3D1Qqs

3. In 2008, Griffin's hedge fund was on the brink. His fund lost 55% of its value.

CNBC was parked outside its office so it could be first with the news that the firm went under.

But then you, the taxpayer, stepped into save Griffin's hedge fund

popular.info/p/you-helped-b…

4. Griffin's fund, Citadel, benefited from the bailout in two ways:

-- As a counterparty to AIG, Citadel received $200 million in taxpayer money

-- Banks like Morgan Stanley, which used billions in bailout cash, provided Citadel with liquidity

goo.gl/3D1Qqs

4. In 2017, Griffin reflected on his near death experience: "I did not foresee a day where the government would have to intervene to bail out basically everybody"

Basically everybody except the millions of Americans who lost their homes to foreclosure

goo.gl/3D1Qqs

5. Well at least the whole process gave Griffin some perspective, right?

Q: Do you think the ultrawealthy have an inordinate or inappropriate amount of influence on the political process?

GRIFFIN: I think they actually have an insufficient influence

goo.gl/3D1Qqs

6. Oh, and here's the kicker. Where is Ben Bernanke, the former Fed Chair who was the architect of the bailout?

Bernanke now works for Griffin at his hedge fund!

goo.gl/3D1Qqs

7. Griffin's penthouse purchase was reported in the WSJ, CNN, & Bloomberg

But no one mentioned Griffin recently benefited from a huge taxpayer bailout

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