Government

Was the bank bailout a good deal? 

You will hear a great deal this election season about Wall Street, big banks, Dodd-Frank and the infamous taxpayer bailout of all the bad guys. Turns out the bailout was a pretty good investment for taxpayers even before all the money has been paid back. 

At this point the bailout actually hasn’t  cost taxpayers a dime, quite the opposite in fact. 

Check out the facts about who got what at the link below. Note that the largest single recipients were government created organizations. 

The Bailout Scorecard

Last update: Jun. 2, 2016

Altogether, accounting for both the TARP and the Fannie and Freddie bailout, $620B has gone out the door—invested, loaned, or paid out—while $390B has been returned.

The Treasury has been earning a return on most of the money invested or loaned. So far, it has earned $298B. When those revenues are taken into account, the government has realized a $68.4B profit as of Jun. 2, 2016.

Source: https://projects.propublica.org/bailout/

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Categories: Government

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3 replies »

  1. Sure the government has made money, but no one has been held accountable for the shenanigans of Wall Street or any of the lenders that should of know better. The bonus money paid to the money managers that caused the need for a bailout are laughing all the way to the bank. They made way more than the government. The need for another bailout is coming, because the connected bankers know the U.S. Treasury is their piggy bank of last resort, Shameful Crony Capitalism is alive and well – Dodd-Frank is just a band-aid on the financial hemorrhage that is coming. Stock market – Dow 7,500???

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  2. I read the report and I am impressed but what is the catch? I can’t believe that our government did something right. When will the news break that somebody stole the money or played accounting games? For now I am glad that we taxpayers got lucky.

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