2009 losses on fed bailout funds
Posted: January 12th, 2010, 11:24 am
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!!!!!!!!!
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.
Only $68 billion and change!!!!!!!!!
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.