Showing posts with label TARP. Show all posts
Showing posts with label TARP. Show all posts

Tuesday, December 15, 2009

Where's My Profit?

The Wall Street Journal headlined some good news today--Citi and Wells Fargo will become the last big banks to repay their TARP bailout funds to the government. Even better, the Treasury Department says that it expects "$19 billion in total profit from its infusions and other investments in financial institutions . . . " Whoa! The government invested my money and made a profit!

So, presumably, that profit will go back to the taxpayers and reduce the country's $12 trillion (or is it $13 trillion?) debt, right? Oh, wait--no--the WSJ adds that, unfortunately, the government is piling up big losses on its "investments" into AIG and the U.S. auto industry.

I can't wait to see how they "invest" my health care dollars.