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.
Sunday, April 15, 2012
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