Comments on: Fishy bailout profits and ephemeral gains

By: Peter H

Peter H — Tue, 01 Sep 2009 16:34:10 +0000

What’s so fishy about profits from loans made during the protracted bubble economy paid out by the government with funny money? As for your contention that taxpayers and governments aren’t getting their “fair share” what does that matter? They’re only there to pay for the nonpareil!

By: Pedro

Pedro — Tue, 01 Sep 2009 14:38:11 +0000

Thank you Jim!

By: blackbean

blackbean — Tue, 01 Sep 2009 14:22:50 +0000

What childish and ridiculous spinning by the Fed. Look, look!! We made $14 Billion profit on TARP!! It is to be expected that some of these loans would be profitable, but any idiot should know the majority will result in HUGE losses, otherwise they never would have been necessary to extend in the first place. And it’s a shame that REUTERS just reports this garbage without asking some questions.

By: Jim

Jim — Tue, 01 Sep 2009 13:20:38 +0000

Thanks for the commentary James. This needs to be revisited every 3- to 6-months and thoroughly analyzed with the results put into perspective. Perspective means no spin by the government!