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"And then forgive the "debt" they created and pretend like it was "paid back"." Could you substantiate this claim? I'm genuinely interested. I was under the
by gnosis 14y ago
"And then forgive the "debt" they created and pretend like it was "paid back"."
Could you substantiate this claim?
I'm genuinely interested. I was under the impression that the overwhelming majority of the bailout money was paid back. I'd read in reputable newspapers that this was the case. If it was "forgiven" instead, I'd be very interested to see the proof.
- ams6110 14y agoMost of the bailout dollars were not loans, they were equity ownership stakes. To the extent the loans were "paid back in full" the dollar amount represents only a fraction of the total bailout provided.
- sxcurry 14y agoI believe you are correct - most of the bailout money has been repaid: As of December 31, 2012, the Treasury had received over $405 billion in total cash back on TARP investments, equaling nearly 97 percent of the $418 billion disbursed under the program. [Wikipedia]
- deleted 14y ago[deleted]