2009 losses on fed bailout funds

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RHTFISH
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Posts: 2725
Joined: December 12th, 2001, 7:00 pm
Location: Albany, GA

2009 losses on fed bailout funds

Post by RHTFISH »

I'm seriously relieved! I had become less than optimistic listening and reading about what all had been done with the funds.
Only $68 billion and change!!!!!!!!! :o Kinda makes me want to insist they redistribute some more wealth!


Thu, Dec 10 2009
WASHINGTON (Reuters) - U.S. taxpayer profits from bank bailout investments are being offset by estimated losses from American International Group and automakers and mortgage payment cuts for struggling homeowners, a U.S. Treasury report showed on Monday.

The Treasury estimated net losses on its $700 billion bailout program at $68.5 billion for the fiscal year ended September 30, 2009.
It may be that my sole purpose in life is simply to serve as a warning to others.
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