Sunday, April 15, 2012

The Bailout

From the LATimes:

-- WASHINGTON — The Obama administration probably will make a profit on all the bailout money spent to prop up
 banks and other companies, as well as struggling homeowners, devastated by the Great Recession, according  to the latest federal projections.
   Over the next 10 years, the taxpayer-funded bailouts could produce as  much as $163 billion in profits, in a best-case scenario, from repayments, stock sales, dividends and interest paid by banking and
 insurance firms, auto companies and mortgage finance companies. --

More facts for the Radical Republicans to deny.

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