Massive, fraudulent, manipulation of numbers created the situation in first place. These vague numbers mean less than nothing. A little more concrete breakdown would be nice.
This is why it is a mistake to confound TARP with the porkulous bill. TARP was an attempt to stablize financial markets. The good news is that all of the money appropriated was not even needed for that. But a smaller bill might not have provided enough confidence to the markets.
Porkulous and other Obama spending including misuse of the left over and repaid TARP funds are completely different. Obama is using this money as a slush fund. Thank fully the elections of 2010 are coming and will hopefully put an end to these types of actions.
Article doesn’t mention the windfall the ‘government’ stands to receive (not likely) was because of money stolen from taxpayers. Taxpayers won’t see a worthless dollar of this.
Of course, this will be used to promote future bailouts, just as the 1979 Chrysler bailout was touted as a "success."
Suppose it’s true that $13 or $14 billion gets made on Citi. What’s the point? It just goes down the crapper seconds later. The moment a BS proclamation like this is made, every RAT in DC has the so-called profit burning another hole in our pockets.
I thought we sunk about $400 bil into that. So we are going to get $400+ bil ‘back? Sounds like a load of horse-hockey. Not to mention, the $$ will go to pols in DC. Not ‘us’ folks who ponied up the cash. The will spend it on .......crap.
It appears it's only considered evil, when someone else makes it.
On the other hand, the stimulus which was 100% Obama has been a total failure.