Report: US makes $4 billion from bailout banks

Tmall · 08-31-2009, 02:03 PM

Nice way to spin it.

"we've made money on those who have paid us back.."

What about the ones who won't pay it back? One defaulted loan could wipe out that "profit".

shmike · 08-31-2009, 02:09 PM

Quote:

Originally Posted by Tmall

One defaulted loan could wipe out that "profit".

...10 times over.

goof2 · 08-31-2009, 02:41 PM

I heard $14 billion earlier. Either way these profits aren't real and will end up being large losses by the time this is over.

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08-31-2009, 02:03 PM	#1
Tmall Aspiring Rapper Join Date: Nov 2008 Location: Halifax, NS Moto: '12 CB1000R Posts: 3,569	Nice way to spin it. "we've made money on those who have paid us back.." What about the ones who won't pay it back? One defaulted loan could wipe out that "profit".

08-31-2009, 02:41 PM	#3
goof2 AMA Supersport Join Date: Feb 2009 Posts: 4,756	I heard $14 billion earlier. Either way these profits aren't real and will end up being large losses by the time this is over.