Posted by Stay Cool, a resident of the Another Pleasanton neighborhood neighborhood, on Nov 2, 2009 at 1:18 pm
Stay Cool is a member (registered user) of PleasantonWeekly.com
Just a little reality check - this is from back in March:
"The Obama administration marked with little fanfare a major milestone in its bank rescue effort — its decision on Tuesday to let 10 big banks repay federal aid that had ******sustained them through the worst of the crisis****** — as policy makers and industry executives focused on the challenges still before them."
"Taxpayers — many of whom probably never imagined that banks would return their bailout money so soon, if ever —*******stand to make several billion dollars from their investment in the 10 banks. So far, the Treasury has collected about $1.8 billion in interest payments. It also might reap as much as $4.6 billion as the banks seek to expunge other government investments, known as warrants.******"
Of course the bailouts were awful. I am all for tighter regulation so we don't get into this mess again. But wait, we can't do that either!