Posted on 01/13/2011 6:08:40 PM PST by Rabin
In a report released on Thursday, former Senator Ted Kaufman, head of the bipartisan Congressional Oversight Panel, said the Treasury Departments sale of General Motors shares at 26 percent below the price needed to recover taxpayer assets in full may have been premature, locking in billions of dollars in losses,
(Excerpt) Read more at dealbook.nytimes.com ...
Taxpayers get screwed all the way around...
Trillions here
Agency Mortgage-Backed Securities (MBS) Purchase Program
http://www.federalreserve.gov/newsevents/reform_mbs.htm
Unlimited credit for GSEs seen as backdoor bailout
http://www.reuters.com/article/idUSTRE6044YU20100105
More here
“Pro Publica has been maintaining a list of bailout recipients, updating the amount lent versus what was repaid.
So far, 938 Recipients have had $607,822,512,238 dollars committed to them, with $553,918,968,267 disbursed. Of that $554b disbursed, less than half $220,782,546,084 has been returned.”
Whenever you hear pronunciations of how much money the TARP is making, check back and look at this list. It shows the TARP is deeply underwater.
http://bailout.propublica.org/list
http://www.zerohedge.com/article/no-big-banks-have-not-paid-back-government-bailouts-and-subsidies
Lori
“FromLori to Rabin” links are excellent indeed. Thank you so much.
Rabin
Your Welcome :)
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