Bank Bailout Turns Out to Have Been Good Business for US
Kevin G. Hall, McClatchy Newspapers: "When Congress passed the $700 billion Wall Street bailout package last fall, critics said it'd be a money loser. But when 10 banks returned $68 billion of the money on Tuesday, President Barack Obama said the government had realized a small profit. Did it really? In addition to returning the $68 billion, the 10 banks paid the government $1.8 billion in dividends on the preferred shares of stock the government owned. That translates to an annualized rate of return of about 4.64 percent on the $68 billion."
http://www.truthout.org/061009L
http://freepage.twoday.net/search?q=bailout
http://freepage.twoday.net/search?q=Wall+Street
http://freepage.twoday.net/search?q=Obama
http://freepage.twoday.net/search?q=Kevin+G.+Hall
http://www.truthout.org/061009L
http://freepage.twoday.net/search?q=bailout
http://freepage.twoday.net/search?q=Wall+Street
http://freepage.twoday.net/search?q=Obama
http://freepage.twoday.net/search?q=Kevin+G.+Hall
rudkla - 10. Jun, 17:21