Your link shows, "If it succeeds, Treasury will ultimately see gains of $16 billion on its holdings in AIG"
Taxpayers Lose $2.3 Billion with CIT Bankruptcy
Every time I see you mention CIT, I tell you that CIT is not related to CITI.
Fannie, Freddie may need $215 billion more in aid
The government should have removed the guarantee from Fannie and Freddie decades ago.
Really which link the one where tax cheat timmy lies or the one where the non partisan bailout watchdog says it is really $50 billion we are losing.
So until they pay us back I think I’ll take the figures shown and you can let me know if they ever do pay us back.
Do you work for a bank? You constantly defend them well you know what I could care less they are Welfare Queens costing us money and they should have been allowed to fail just like any other business talk about the govt. picking winners and losers and they donated heavily to obama to boot.
Note NOW OWNED by the taxpayers on Fannie/Freddie NOW not before so they really soaked us with this...
Forgot to mention too the Banks offloaded another $1.1 Trillion onto the Fed even foreign banks got into the action
The measure, initiated in Jan. 2009 to stimulate the flow of credit and keep household borrowing costs low, led the nation’s central bank to purchase more than $1.1 trillion in mortgages packaged into the form of securities. The mortgage bonds are backed by Fannie Mae and Freddie Mac, the twin mortgage giants now owned by taxpayers.
Deutsche Bank, a German lender, has sold the Fed more than $290 billion worth of mortgage securities, Fed data through July shows. Credit Suisse, a Swiss bank, sold the Fed more than $287 billion in mortgage bonds.