September 16, 2013

THE GREAT DANGER WAS ALWAYS THAT THE BAILOUTS WOULD WORK TOO WELL:

We're almost break even on the bailout (Chris Isidore, 9/15/13, @CNNMoney)
The bailouts, which include money disbursed through TARP as well as other funds used to shore up Fannie Mae, Freddie Mac and AIG, may even show a profit by the time the sixth anniversary arrives. So far, Treasury and the Federal Reserve have recouped $670 billion of those funds. That's far more than could have been imagined in the dark days of 2008. Most of the money has been returned to U.S. coffers via the sale of stock in the companies that were rescued. The firms also repaid the government by selling off assets and making loan and dividend payments.
But exactly what W imagined.
Posted by at September 16, 2013 3:29 PM
  

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