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Originally Posted by randallscott35
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Well, no, it's not "massively incorrect" - most of the other banks have paid it back, with interest. They did it so they could give huge bonuses this year. Remember this ongoing thing?
You quote one article about one bank, AIG, who has already paid back $56 billion. Yeah, they owe us more.
This is from last August - more have paid back since:
http://www.nytimes.com/2009/08/31/bu...1taxpayer.html
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As Banks Repay Bailout Money, U.S. Sees a Profit
By ZACHERY KOUWE
Published: August 30, 2009
Nearly a year after the federal rescue of the nation’s biggest banks, taxpayers have begun seeing profits from the hundreds of billions of dollars in aid that many critics thought might never be seen again.
The profits, collected from eight of the biggest banks that have fully repaid their obligations to the government, come to about $4 billion, or the equivalent of about 15 percent annually, according to calculations compiled for The New York Times.
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