Report: U.S. Makes $4 Billion From Bailout Banks

[angel0430]

http://www.foxnews.com/politics/2009...est=latestnews

So why are we still struggling?????? I thought this was supposed to help with the deficit that we have?

[OnePimpTiger]

$4 billion isn't a drop in the bucket of an $11 trillion deficit. Multiply it by 1,000 and it would be a decent start.

[angel0430]

I mean...it is something.

Also, I had no idea the deficit was that bad.

[OnePimpTiger]

Yup...that bad and getting worse.

[shortking98]

The problem is that while the $4B profit is nice, it represents only a portion of the bailout money. I still think that much of it is not likely to be returned and while they will make a few billion on some of the loans, that amount will be more than offset by the amount that will not be paid back

[OnePimpTiger]

The problem is that while the $4B profit is nice, it represents only a portion of the bailout money. I still think that much of it is not likely to be returned and while they will make a few billion on some of the loans, that amount will be more than offset by the amount that will not be paid back

Also a good point. A few companies repay their loans with interest...how many haven't repaid and don't appear like they're going to?

[angel0430]

Did not see it that way but it is a good point.

[gtmsportscards]

Thats $4B we made on the money banks have already FULLY repaid so we have gotten some of the bailout money back. But who knows how much

[Titantron]

In other News...I just found a penny on the floor. My entire financial outlook is looking much brighter now.

[angel0430]

Good for you. I am saving all the change that I can find and not using it to see how much money I can have in a year.