June 10, 2009

THERE ARE SOME THINGS YOU JUST CAN'T EXPLAIN TO THE HOUSE GOP:

10 Large Banks Allowed to Exit U.S. Aid Program (ERIC DASH, 6/10/09, NY Times)

Taxpayers — many of whom probably never imagined that banks would return their bailout money so soon, if ever —stand to make several billion dollars from their investment in the 10 banks. So far, the Treasury has collected about $1.8 billion in interest payments. It also might reap as much as $4.6 billion as the banks seek to expunge other government investments, known as warrants.

Posted by Orrin Judd at June 10, 2009 7:52 AM
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