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In exchange for essentially worthless assets, no? Turning $426B in 2009 into $445B in 2014 comes out to an 0.76% ROI, so not exactly a good deal for anyone but
by InitialLastName 4y ago
In exchange for essentially worthless assets, no?
Turning $426B in 2009 into $445B in 2014 comes out to an 0.76% ROI, so not exactly a good deal for anyone but the shareholders who didn't lose their shirts.
- gruez 4y ago> In exchange for essentially worthless assets, no? Clearly not, considering they were able to sell it for a profit later. >Turning $426B in 2009 into $445B in 2014 comes out to an 0.76% ROI, so not exactly a good deal for anyone but the shareholders who didn't lose their shirts. I'm not claiming that it's a $0 bailout either. I'm only pointing out that $1 spent on anti‐poverty programs isn't comparable to $1 of TARP spending, so trying to directly compare the two like the parent poster was doing is misleading.