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> Worth noting the Treasury made a profit on the last bailout to the tune of ~$10 billion. Absolutely untrue. the return on TARP funds was wildly below market
by xref 4y ago
> Worth noting the Treasury made a profit on the last bailout to the tune of ~$10 billion.
Absolutely untrue. the return on TARP funds was wildly below market returns so unadjusted numbers on paper look like “oh great a $10bil profit!”
That’s like saying your savings account grew because the bank payed you 0.01% interest, while inflation ate 9% of your real value