View Single Post
  #12  
Old 02-02-2010, 04:46 PM
Riot's Avatar
Riot Riot is offline
Keeneland
 
Join Date: Mar 2007
Posts: 14,153
Default

Quote:
Originally Posted by randallscott35
Incorrect. Massively incorrect in fact. That is what they want you to think....http://www.nytimes.com/2010/01/27/business/27views.html
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

Quote:
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.
__________________
"Have the clean racing people run any ads explaining that giving a horse a Starbucks and a chocolate poppyseed muffin for breakfast would likely result in a ten year suspension for the trainer?" - Dr. Andrew Roberts
Reply With Quote