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Politics : The Obama - Clinton Disaster
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To: Wayners who wrote (23384)12/12/2009 1:56:37 PM
From: DuckTapeSunroof  Read Replies (1) of 103300
 
(I have no doubt at all that AIG, from last Fall, will prove to be a big big loss. FAR bigger then all other losses from all of the other rescue actions. Far bigger then whatever loss is produced from the GM investment - which I think *might* show a loss in the end - and far bigger then losses from any of the others.)

HOWEVER that does not mean, (even with that loss) that the net result to the taxpayers from TARP I and TARP II, (etc.), won't turn out to be a gain and not a loss.

Very large profits are being generated from the bank rescues (tens of billions generated already), although it will be still be several more years before a final accounting can be done, to date the bank pay-backs are running much much ahead of schedule.

(That item about JP Morgan warrants was just one tiny piece....)
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