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Hays, Kansas

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 US profit from bailout in the short term

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CelticDragon
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CelticDragon


Number of posts : 268
Age : 58
Registration date : 2008-10-06

US profit from bailout in the short term Empty
PostSubject: US profit from bailout in the short term   US profit from bailout in the short term Icon_minitimeMon Aug 31, 2009 11:56 am

NYT Article here

"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 government still faces potentially huge long-term losses from its bailouts of the insurance giant American International Group, the mortgage finance companies Fannie Mae and Freddie Mac, and the automakers General Motors and Chrysler. The Treasury Department could also take a hit from its guarantees on billions of dollars of toxic mortgages.

But the mere hint of bailout profits for the nearly year-old Troubled Asset Relief Program has been received as a welcome surprise. It has also spurred hopes that the government could soon get out of the banking business."
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The Other One
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The Other One


Number of posts : 3675
Registration date : 2008-03-25

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PostSubject: Re: US profit from bailout in the short term   US profit from bailout in the short term Icon_minitimeMon Aug 31, 2009 3:43 pm

CelticDragon wrote:
"It has also spurred hopes that the government could soon get out of the banking business."

Yeah, right.
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Ratzilla
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Ratzilla


Number of posts : 6902
Registration date : 2008-03-27

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PostSubject: Re: US profit from bailout in the short term   US profit from bailout in the short term Icon_minitimeTue Sep 01, 2009 12:36 am

How can the government get out of something run by those who give the government puppets their orders?
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PostSubject: Re: US profit from bailout in the short term   US profit from bailout in the short term Icon_minitime

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