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That's not an appropriate conclusion to make, as most of the money was returned a long time ago, not on 2021. For a random example, JPMorgan Chase got funding
by PeterisP 5y ago
That's not an appropriate conclusion to make, as most of the money was returned a long time ago, not on 2021.
For a random example, JPMorgan Chase got funding of $25B and returned it only some 8 months later (https://projects.propublica.org/bailout/entities/282-jpmorgan-chase); https://projects.propublica.org/bailout/entities/282-jpmorga... the gov't earned some 1.7B on it which comes out to an annualized interest rate of approximately 10%.
- cudgy 5y ago25 Billion out of the nearly 700 Billion from a bank that didn’t need the money proves that “most of the money was returned long ago”? Not very convincing. JPMorgan was actively buying up assets in 2008 and were one of the banks that was well capitalized. “JPMorgan Chase did not want or need TARP money, but we recognized that if the healthy banks did not take it, no one else could — out of fear that the market would lose confidence in them.” https://www.usatoday.com/story/money/economy/2018/09/14/jamie-dimon-jp-morgan-memo-actions-financial-crisis/1304253002/ https://www.usatoday.com/story/money/economy/2018/09/14/jami...