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I doubt those loans had anywhere near the ROI of, say, the land grants for the transcontinental railroad, the Louisiana Purchase, or the Alaska Purchase.
by thrownaway2424 11y ago
I doubt those loans had anywhere near the ROI of, say, the land grants for the transcontinental railroad, the Louisiana Purchase, or the Alaska Purchase.
- sswaner 11y agoActually, the government did very well considering that the loans (especially the AIG loan) were short term and fully repaid. The government made $5.6 billion on $67.8 billion loaned, the Federal Reserve made a profit of $17.7 billion. http://projects.propublica.org/bailout/entities/8-aig http://projects.propublica.org/bailout/entities/8-aig The Louisiana and Alaska purchases didn't turn a profit for years, and took a substantial amount of additional capital. AIG is back to relative stability and pays taxes.