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.

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

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In a rich man's house there is no place to spit but his face.
Diogenes Of Sinope

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

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Janice

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

One can't change the laws of physics.

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

Government and Wall Street Working Together. As Potus The Pitiful Promised.

I am Finally Proud to be a U.S. Citizen

CitizenDullNando

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May we All have a METAMORPHOSIS. REASON. GOoD JUDGEMENT and LOVE and ORDER!!!!!

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!

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

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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.

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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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In a rich man's house there is no place to spit but his face.
Diogenes Of Sinope

lying cheating white collar thieves

Rather them than Blue-Collar Uneducated thieves. I'll take Conniving Educated Thieves over Others, anytime.

PickYourPoisonsDullNando

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May we All have a METAMORPHOSIS. REASON. GOoD JUDGEMENT and LOVE and ORDER!!!!!

@^^^ *shakes head, turns around, walks away.*

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#resist

2009, FDIC has no money to cover bank failures. Maybe it was cheaper to bail out the banks than to bail out the depositors.

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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.

Gary, there were other ways to deal with the problem. Ensuring their solvency was the first step, which we took, then we stopped. The next step would have been to break up the oligopolies which do not operate under free market rules. The fact the money was made for the treasury is good. The fact that the banksters have no reason not to commit malfeasance in the future still exists. The world financial markets are too "slick". Adam Smith had it right in The wealth of Nations, but of course that world never existed except in Ayn Rands mind.

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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.

It was the lack of regulation that lead to this mess.

How soon they forget.

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Janice

It was the lack of regulation that lead to this mess.

How soon they forget.

110% agreed!!

I see no point in discussing the bailouts and or what's right or wrong with them. The mess should never have happened in the first place.

No one wants the government interfering in their affairs, however business at that level MUST be regulated, simply for the purpose of protecting the many against the greed of the few.

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#resist

It was the lack of regulation that lead to this mess.

How soon they forget.

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.

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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.

You can't lend trillions of dollars into the Ghetto, even if it is under government orders, and not expect something bad to happen.

My opinion based on first hand experiences:
Money going in to the hands of people of the "ghetto", is the quickest to trickle upwards, and find its way back into the pockets of the rich...

I will never accept that putting money in at the bottom is a bad idea. It's actually a good idea, its the greed of the rich that's the problem.

It's putting money in at the top, that is the problem in my eyes. That money stays at the top, and does NOTHING for the economy.

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#resist