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Wait until we hear what the govt does with the $12billion "profit". If it is immediately paid back to China, I will be happy. If it is diverted to other programs it will be a FAILURE.
Hey Folks,
I was just wondering - after all the screaming about the bailout, I guess the silence of the screamers is obvious. The CitiBank bailout has made (to date, it will go higher) a $12B profit on a $45B loan.
I guess the Fed and Treasury aren't as incompetent as many have made uniformed comments about. Perhaps the government isn't as incompetent as the screamers would like to believe.
The silence is deafening.
CitiBank is doing well under an Obama presidency? You mean that communist, socialist, president who hates private enterprise and big businesses making profits? That guy? No way!!
Hey Folks,
I was just wondering - after all the screaming about the bailout, I guess the silence of the screamers is obvious. The CitiBank bailout has made (to date, it will go higher) a $12B profit on a $45B loan.
I guess the Fed and Treasury aren't as incompetent as many have made uniformed comments about. Perhaps the government isn't as incompetent as the screamers would like to believe.
The silence is deafening.
Excellent post. So sick of all the whining and crying. Pubs have been whining since Obama won the election, after being silent while their village idiot leader wrecked the country. Dems gave Obama a mandate, then abandoned him for the midterms, leaving no option for him but to compromise because of increased Republican support. Now Dems are complaining. Absolutely absurd.
Good to see this. This was an effort that the president implemented without regard to public opinion. We need to see more of that.
Did I get to make the choice to invest in this company like I would with any other securities investment? No, I did not.
Where is my money and my K-1 so I can file the capital gains tax in2011? Why didn't I get to vote in the shareholder's meetings? What, the Government did it for me regardless of my willingness to invest? Yes, that is Socialism.
Is the federal government a registered fund? Who is the fund manager? Where is the prospectus and SEC disclosures for the trading branch of the federal government?
Hey Folks,
I was just wondering - after all the screaming about the bailout, I guess the silence of the screamers is obvious. The CitiBank bailout has made (to date, it will go higher) a $12B profit on a $45B loan.
I guess the Fed and Treasury aren't as incompetent as many have made uniformed comments about. Perhaps the government isn't as incompetent as the screamers would like to believe.
The silence is deafening.
Does someone need to inform you that government shouldnt be investing TAX DOLLARS in businesses? If you think they should, tell me how I should apply for this grant.. cough, I mean loan!!
Someone also needs to tell you that there were lots of other losses, so if you make X from investment A, and then lose Y in investment B, its the TOTAL that needs to looked at.. You dont get to look at just A and then suggest you are a genius if B you lost 100%
Let's see...12 billion dollars divided by about 300 million Americans...that's about $40 each!
Should I expect a tax bill for this $40?
Also what these liberals seem to ignore is a $12B profit comes at the expense of the consumers who had to pay these fees to pay the "profits".. they didnt magically appear from no where... And while they are jumping for joy, they are ignoring the fact that $12B profit actually costs the taxpayers $4B in lost tax revenue because if investors had made the money it would have been taxed..
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