Citigroup announced it will repay its portion of 2008's bailout money. How does $20 billion sound to you, American taxpayer? I like what I'm hearing, like that the government might turn a profit on its investment in the bank.
Bank of America will repay its loans also. The two helped bring the total repaid to $116 billion repaid, though most came from smaller banks. In all the government lent $453 billion of the $700 billion program. So far, pretty good. It seems possible that parts of the program will actually make money. Such a shocking statement bears repeating:
Something the government did will make money.
Despite the Bush administration's best laid plans, one of its ideas might turn out to be a good one, and with swift results. Did you ever think you could say that?
Showing posts with label gubmint. Show all posts
Showing posts with label gubmint. Show all posts
Monday, December 14, 2009
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