TARP now over 76% repayed with Fed AIG stock sale - Wow!

[ksoze]

Somehow not being touted enough - the sale of AIG stock today by the government brought in $2.15 billion.

Overall, Treasury has received $313 billion in repayments and other income from its TARP investments – more than 76 percent of the $412 billion disbursed under the program to date.


Next time someone complains about the bailout, remind them it saved the economy and we are almost payed back.

http://www.treasury.gov/press-center/press-releases/Pages/tg1281.aspx

[former9thward]

1. TARP was corporate welfare at the expense of the rest of us.

I am opposed to corporate welfare in all forms. When big companies are bailed out they will simply adopt the same practices again.

[zbdent]

4. Speaking of corporate welfare ...

Hudson Ohio just lost 85 percent taxes for their schools ... for 15 years.

Gee, I wonder if their schools are going to suffer ...

http://hudson.ohio.com/hudson-school-board-approves-tax-abatement-1.333437#

[Travis_0004]

6. Did you oppose the bailout of GM?

[Egalitarian Thug]

2. LOL! You're so funny...

[exboyfil]

3. Two points

Alot of other things are going on besides TARP to prop up businesses (QE1-QE2 etc) that will have negative impact on US citizens going forward. Some of the paid back debt has come from unloading worthless paper on Fannie and Freddie for example - that continues to be a black hole for money. I am not sure that I am ready to say that I was wrong about the bailout - I think it left an enormous moral hazard where these comparies are still playing with.

The second point is alarm. Part of the huge outgoing deficit of Bush was represented by this bailout. These payments are now coming in and we still have this huge deficit. What happens when we are paid back and tha revenue stream ends?

[MrTriumph]

5. Wow. 24% is still due 4 years later. It was a sweetheart deal for the 1%.

x

[banned from Kos]

7. Most of that is Fannie/Freddie

none of it is the big banks.