HAHA and we made money

US to make profit from bailouts, Treasury says

The US will make a profit from bailing out the nation's banks and carmakers at the height of the financial crisis, the Treasury Department has said.

The bank bailouts may result in a return of $2bn (£1.3bn), the Treasury said in its latest projections for the government's response to the crisis.

the only problem is that once again, the bigger eat the smaller.


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Janice

For those very vocal nay sayers, I fart in your general direction!!!!

Looks like yet another thread I need to step lightly in as it too has become Dullfected.

the only problem is that once again, the bigger eat the smaller.

One can't change the laws of physics.

8 to 13 million bankruptcies projected, but we saved the banks. Whoo hoo! clap clap clap clap!

8 to 13 million bankruptcies projected, but we saved the banks. Whoo hoo! clap clap clap clap!

Maybe some realistic answers are here:

If this year the column will be above 700 then things are still in arctic territory. Meaning after greece, likely italy, france or even uk begin to take blows.
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Mandtugai!

If you really want to have fun stretch that graph back to the 1980's. The $&L crisis, brought to you by conservative deregulation, makes these numbers pale by comparison. 25% of the S&L's failed and it took nearly 10 years to get the money paid back on it. 50% of the S&L's closed. Oh lets not forget that the gov't lost it's shirt paying to cover the losses created by the massive fraud that came from the greed and lack of oversight.

One might ask, How many times do we have to be fools to believe that when it comes to money and especially other peoples money we have to have safe guards against lying cheating white collar thieves.
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Proud member of TSWB.

End terrorism by building a school

lying cheating white collar thieves

8 to 13 million bankruptcies projected, but we saved the banks. Whoo hoo! clap clap clap clap!

Guy, one of the more insightful comments you have made recently.

I suppose we should have let the banks fail so everyone's payroll check would have bounced.

Sorry, meant to say 8 to 13 million *foreclosures* projected by the time we make it through this financial dip caused by government regulation.

I was probably thinking bankruptcy usually follows foreclosure, but not always.

Sorry, meant to say 8 to 13 million *foreclosures* projected by the time we make it through this financial dip caused by government regulation.

I was probably thinking bankruptcy usually follows foreclosure, but not always.

OK -- so because of that act (which was less a case of regulation than bipartisan encouragement of home ownership), financial institutions were compelled to create derivatives and complex swaps?

You have a point with part two -- that failure to understand risk was both at the personal level and the institutional level. Of course that risk taking did bubble up not only real estate, but also the stock market and the rest of the economy. Had we not seen both components, along with the 'creativity' regarding financial instruments to extend the reach of the 'infection', we would not have seen the seeming growth in 2002 to 2007. Lacking that growth particularly in 2002 to 2004, it is possible that a different political outcome would have been seen in 2004.

I guess I'd note it was not so much a lack of regulation that spurred this, but a change in regulations which might be a cause.

You have that backward, part one anyway, it was regulation that led to this mess. Went along for better than a century without an issue and then the social engineers came along with their Community Reinvestment Act and bingo was his name.

Part two is the failure to understand risk. You see it everyday on your TV. "Do not attempt" has to be put on every car commercial. The sheeple aren't taught about risk. You can't lend trillions of dollars into the Ghetto, even if it is under government orders, and not expect something bad to happen.