Rath said:
They're saying that the sale of the banking institutions and car values that were bought by the government (which was what the bailout essentially did) is going to generate more money than was spent on buying them. Net profit.
@Wiifan. If any of the big banks (or Fannie/Freddie) had failed they would have brought the others down with them. The entire system is tied together. Total economic collapse is not really that healthy. |
That doesn't look like what the actual slides say. I think it's a matter of your recap just getting things wrong.
Worth noting too they've excluded about 46 billion in bailout funds on the basis of "Not meant to be recovered." and in general counts zero stimulus measures.
I'd suggest reading the actual source material. Again...
Each slide seems to have it's own asterick to make itself look good and count things such as US treasury bond buys. Which are well... silly... because the tax payers don't actually win out on US taxpayer bonds. Since US taxpayer bonds are paid by US taxpayers.
Or at least some better reportered articles on the matter
http://www.bloomberg.com/news/2012-04-13/treasury-says-crisis-stability-programs-expected-to-break-even.html
It's a small selection of a bigger issue that's been selected and presented with not a small amount of trickery to make things look good. It's a puff politcal piece to gear up for election season.
You've more lr less been had.