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TARP, i.e. the bank bailouts, was profitable for the government, to the tune of over $100Bn. https://projects.propublica.org/bailout/ https://projects.propubli
by addicted 7y ago
TARP, i.e. the bank bailouts, was profitable for the government, to the tune of over $100Bn.
https://projects.propublica.org/bailout/ https://projects.propublica.org/bailout/
Of course, the government should have gotten a much better return for the risk they took, but for a program that has been reviled as $600bn giveaway, and is remembered that way, a $100bn profit is an incredible gain.
- deleted 7y ago[deleted]
- hermitdev 7y agoYes, but this is an uncomfortable truth for those that want to blame banks for the 2008 collapse (especially ignoring the federal mandates that they make a lot of the loans behid the 2008 collapse).