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To: Wallace T.
$66 billion paid back; at least $634 billion to go. So far, a not impressive 10% recovery.

LOL!

15 posted on 06/17/2009 2:22:12 PM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Toddsterpatriot

The financial institutions effectively have had their liabilities guaranteed by the Feds plus a large infusion of new capital funds. Even the incompetent managers of these institutions, who basically wrecked them through gross mismanagement, can make some money under such circumstances. A 10% recovery of principal over a six month period is not enough to justify the TARP bailout.


18 posted on 06/17/2009 2:26:42 PM PDT by Wallace T.
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