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$787 Billion Tax Dollar Funded Bank Bailout engineered by the former CEO of Goldman Sachs -- nope, nothing suspicious there.
by roboneal 16y ago
$787 Billion Tax Dollar Funded Bank Bailout engineered by the former CEO of Goldman Sachs -- nope, nothing suspicious there.
- showerst 16y agoWithout turning this into a political discussion, it's worth noting that the actual "bank" part of this should end up turning the government a handy profit: http://www.freep.com/article/20100330/BUSINESS07/3300313/Bank-bailouts-pay-government-profit http://www.freep.com/article/20100330/BUSINESS07/3300313/Ban...
- Hoff 16y agoWhat you read on this whole topic from most any source (yes, including me) is arguably suspect. This even including audited postings based on FASB rules, given what's been allowed under that in recent times. This whole area is incredibly murky, and there's way too much spin generated from all sides. Here's a different view of the numbers behind the "profit": http://www.huffingtonpost.com/dean-baker/did-we-make-a-profit-on-c_b_522624.html http://www.huffingtonpost.com/dean-baker/did-we-make-a-profi... The loans that are available from the US treasury are a huge amount of cash flowing into certain businesses, for instance.