Gubment Sales Shares of AIG. [Archive] - Commanders Post at The Warpath

HailGreen28

12-13-2012, 09:28 PM

TARP was a wild success:)

Treasury Earns $7.6 Billion From Sale of Last Shares in A.I.G. - NYTimes.com (http://dealbook.nytimes.com/2012/12/11/treasury-earns-7-6-billion-from-sale-of-last-shares-in-a-i-g/)We made a profit on some banks and insurance companies (AIG), but we're still billions in the hole on TARP. And while long term we should make back the money (not counting that these were interest-free loans) on the financial institutions, there still better than even odds we don't make back our money from GM, Freddie Mac, and Fannie Mae. Overall on the bailouts, we're currently about $156 billion dollars in the hole.

If this is what you call a "wild success", 12th, I don't want to see what you call a failure.

LINK1 (http://www.marketplace.org/topics/business/keeping-tabs-bailout) LINK2 (http://projects.propublica.org/bailout/list)

Keep in mind, this was a case of increasing the money supply, giving corporations interest-free loans with said money, profiting on speculation, then giving said paper profit back to the government. Funny how since Obama continued what W started, propping up corporations isn't considered evil anymore...


	Commanders Post at The Warpath > Off-Topic Discussion > Debating with the enemy > Gubment Sales Shares of AIG. Log in Gubment Sales Shares of AIG. 12thMan 12-12-2012, 09:18 AM TARP was a wild success:) Treasury Earns $7.6 Billion From Sale of Last Shares in A.I.G. - NYTimes.com (http://dealbook.nytimes.com/2012/12/11/treasury-earns-7-6-billion-from-sale-of-last-shares-in-a-i-g/) MTK 12-12-2012, 08:08 PM Thanks for saving my job Merica firstdown 12-12-2012, 08:58 PM Gracias Ame'rica That Guy 12-12-2012, 11:27 PM 23billion in profit during government ownership. maybe every now and then we can do something right. HailGreen28 12-13-2012, 09:28 PM TARP was a wild success:) Treasury Earns $7.6 Billion From Sale of Last Shares in A.I.G. - NYTimes.com (http://dealbook.nytimes.com/2012/12/11/treasury-earns-7-6-billion-from-sale-of-last-shares-in-a-i-g/)We made a profit on some banks and insurance companies (AIG), but we're still billions in the hole on TARP. And while long term we should make back the money (not counting that these were interest-free loans) on the financial institutions, there still better than even odds we don't make back our money from GM, Freddie Mac, and Fannie Mae. Overall on the bailouts, we're currently about $156 billion dollars in the hole. If this is what you call a "wild success", 12th, I don't want to see what you call a failure. LINK1 (http://www.marketplace.org/topics/business/keeping-tabs-bailout) LINK2 (http://projects.propublica.org/bailout/list) Keep in mind, this was a case of increasing the money supply, giving corporations interest-free loans with said money, profiting on speculation, then giving said paper profit back to the government. Funny how since Obama continued what W started, propping up corporations isn't considered evil anymore...