Typical of the drive-by MSM lackeys for Obama, CNN only tells part of the story.
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The Bailout Scorecard
Last update: Feb. 24, 2014
Altogether, accounting for both the TARP and the Fannie and Freddie bailout, $609B has gone out the door—invested, loaned, or paid out—while $384B has been returned.
The Treasury has been earning a return on most of the money invested or loaned. So far, it has earned $237B. When those revenues are taken into account, $12.5B is the net still outstanding as of Feb. 24, 2014.
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The TARP
$475B
Total Allocation
While the Treasury has paid out money to 935 recipients, only 780 of those received funds via investments meant to return money to taxpayers. The rest received subsidies through TARP’s housing programs – that money (so far totaling $9.59 billion) isn’t coming back.
Of the 780 investments made by the Treasury, 528 have resulted in a profit. 106 of the investments resulted in a loss. So far, the profits amount to $44.6 billion, while the losses amount to $17.3 billion. 146 of the investments are still outstanding.
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http://projects.propublica.org/bailout/
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So how did Fanny and Freddie pay back all that money, where did the banks get that money to pay back TARP, and where did those toxic mortgage securities go (hint: check the balance sheet at the Federal Reserve)?
http://www.washingtonsblog.com/2012/...-bailouts.html
Jesus chased the money changers from the temple because the joos were converting Greek and Roman currency into Hebrew currency.
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The rich ruleth over the poor, and the borrower is servant to the lender.
- Proverbs 22:7
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