Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: JasonC
Meanwhile the treasury made $1.4 billion lending GS $10 billion for less than a year,

After dumping $13 billion into GS via the AIG bailout. Which means they sunk $13 billion into a black hole to get $1.4 billion back. That might sound like success for a government employee, but to taxpayers it is a big wet bite in the arse.

69 posted on 07/22/2009 12:43:27 PM PDT by dirtboy
[ Post Reply | Private Reply | To 66 | View Replies ]


To: dirtboy
Wrong, they got paid back everything they lent to Goldman and they got $1.4 billion extra besides, in less than a year.

You continue to operate under the delusion that you can create money for yourself by directing that third parties not pay their debts. You can't. Remotely.

If AIG failed like Lehman failed, the treasury would not have been a dime richer. It would have been several trillions poorer. So would a lot of other people, probably including you, but that is neither here nor there.

One entry accounting is the essence of financial idiocy...

71 posted on 07/22/2009 12:48:37 PM PDT by JasonC
[ Post Reply | Private Reply | To 69 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson