General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forumstblue37
(65,227 posts)malaise
(268,724 posts)Rec
malaise
(268,724 posts)Rec
brush
(53,743 posts)so regular folks not into politics so much like us DUers can get it immediately.
Not mentioning the word socialism is also smart since it's still toxic to many.
applegrove
(118,501 posts)BeckyDem
(8,361 posts)K&R
mountain grammy
(26,598 posts)and Bernie Sanders! This is truth!
not fooled
(5,801 posts)David Cay Johnston, Charlie Pierce, Malcolm Nance, and Elie Mystal are my favorite guests on news shows.
George II
(67,782 posts)About $245B was invested by the Treasury and the payback was more than $250B, some say the profit was about $10B.
applegrove
(118,501 posts)George II
(67,782 posts)applegrove
(118,501 posts)tclambert
(11,085 posts)their fortunes from their parents.
YoshidaYui
(41,818 posts)This!
spanone
(135,795 posts)onecaliberal
(32,786 posts)K&R
Rhiannon12866
(204,809 posts)applegrove
(118,501 posts)Rhiannon12866
(204,809 posts)George II
(67,782 posts)applegrove
(118,501 posts)George II
(67,782 posts)It was an investment that resulted in a profit AND had billions of dollars in peripheral profit or benefit.
applegrove
(118,501 posts)"SNIP.....
Early estimates for the total cost of the bailout to the government were as much as $700 billion, however TARP recovered funds totalling $441.7 billion from $426.4 billion invested, earning a $15.3 billion profit or an annualized rate of return of 0.6% and perhaps a loss when adjusted for inflation.[3]
......
Other information
A review of investor presentations and conference calls by executives of some two dozen US-based banks by The New York Times found that "few [banks] cited lending as a priority. An overwhelming majority saw the bailout program as a no-strings-attached windfall that could be used to pay down debt, acquire other businesses, or invest for the future."[195]
....SNIP"
https://en.m.wikipedia.org/wiki/Emergency_Economic_Stabilization_Act_of_2008
That money invested somewhere else (the stock market) would have made 6% a year. Maybe more. 15B is not 6% a year on a $441 billion. So it was a billion dollar bailout.
KS Toronado
(17,157 posts)Laura PourMeADrink
(42,770 posts)WTH do we need 1 1/2 million active troops for?
Elephant in room.
MustLoveBeagles
(11,583 posts)Blue Owl
(50,289 posts)The GOPs great billionaire bailout
Tadpole Raisin
(972 posts)Thanks to Joe Biden for recognizing his value.
Brother Mythos
(1,442 posts)JoeOtterbein
(7,699 posts)...BERNIE!
Ferrets are Cool
(21,104 posts)yonder
(9,657 posts)calimary
(81,127 posts)THEY'RE the ones getting the free stuff - at the expense of the rest of us.