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As Banks Repay Bailout Money, U.S. Sees a Profit Americans going to Mexico to get quality affordable healthcare? Insurers admit 50,000 employees lobbying Congress to claim profits fair Anti-healthcare reformer urges followers to bring guns to Town Hall meetings. Words you'll never hear in the Canadian health care system Michael Savage is UN-AMERICAN July 09 August 09 September 09 October 09 November 09 
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As Banks Repay Bailout Money, U.S. Sees a Profit
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.
15% ROI is pretty good. Of course it's not to say that we'll get 15% on every dollar of the bailout, but this is pretty good news so far. I wonder what will the Obama haters have to say about this? 7 comments from 5 users
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posted by
tkozy
on Sep 1, 2009 at 12:31 PM
It's all a government cover up. Obama wants to make a place in history for Jr. and Paulson. :>) posted by
ProgressivePete2
on Sep 1, 2009 at 12:35 PM
What are they covering up? We made money from an investment. When Obama talked about the bailout from the beginning, he said it was an investment, not a give away. Not every bailout will turn a profit, but it's nice to get some good news. posted by
witbee
on Sep 1, 2009 at 12:39 PM
I'm not convinced it was a good idea as the overall bailout has not been profitable. However, was it not George Bush that loaned them our money? posted by
ProgressivePete2
on Sep 1, 2009 at 12:47 PM
Well, I'm far from an expert, but I believe it was Obama that implemented the equity sharing portion of the TARP funds. posted by
krcgump
on Sep 1, 2009 at 01:18 PM
pete.....hopefully there will be more good news in the future. It's only $4billion but its a start. posted by
tkozy
on Sep 1, 2009 at 02:12 PM
pp, This wil all work out fine as long as we reserve the credit for Bush Jr. :>) posted by
FloridaStateGrad
on Sep 2, 2009 at 09:34 AM
"You gotta spend money to make money"
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