I’d still like to know who pulled out the $20 Billion from BOA in 2007 to set the downfall in motion. Looks like the commission thing was just another bad joke. They didn’t even get the name.
Figures Jamie Demon is bo’s favorite banker. And it looks like obama’s other backers like lifelong democrat lloyd at goldman sucks and the other TBTF crooks besides Citi will make out fine no prosecutions all’s well that ends with the taxpayers taking it up the rear in obamaland. Just like the GM bailout when the truth came out we lost money I wonder how many more of these IRS deals there are?
Foreclosure losses picked up by taxpayers, investors
Commission outlines Goldman Sachs subprime dilemma in financial crisis
How Goldman Sachs gained from bailout of AIG
http://www.guardian.co.uk/business/2011/jan/27/goldman-sachs-received-aig-bailout-cash
Bank Bail out money
Total Disbursed:
$560,459,325,504
Total Returned:
$234,865,281,772
http://bailout.propublica.org/list
Who withdrew the money from BOA??
Unlimited credit for GSEs seen as backdoor bailout
http://www.reuters.com/article/2010/01/05/us-usa-housing-bailout-idUSTRE6044YU20100105
Total Disbursed:
$560,459,325,504
Total Returned:
$234,865,281,772
Now if you back out $88 billion Fannie, $63 billion Freddie, $28 billion GM, $16 billion GMAC, $9 billion Chrysler.....we'd have $121.594 billion still outstanding. $68 billion of which is AIG. Banks only have about $53.6 billion outstanding. Less than 10% of total funds disbursed.
bttt
Thanks, that's a useful list. It looks like only about $263.5 billion (out of $560.5 billion) was actually disbursed to banks. Only $53.5 billion, a bit over 20% remains unpaid. So when someone says the banks have paid back most of their TARP loans, they aren't kidding.
4 L8tr bump! ;-)