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NYT Runs A Screen for DC on "Profit" from TARP -- WHICH IS STILL A LOSS
Incredible. They're still 100 Billion in the hole, and they continue to tell people they're in positive territory. Gard will comment on this in his upcoming audio.
Note that much of what has been "paid back" has come from sources involved with government funding. Example: AIG recently had two of its susibiaries bought by, yeah, you got it, the FEDERAL RESERVE. The mortgage holdsing of these banks have been bought by FANNIE AND FREDDIE... So what percentage of this "repaid money" actually comes from private business? And of that small percentage, where did the cash come from? We have had a DIMINSHING economy for over a year, going on two now (um, called a "recession'), so... with a contracting economy, where did the money come from? Oh, that's right, it came from COUNTERFEIT cash created by the FED.
This whole thing is a big PR stunt and is bogus.
http://www.msnbc.msn.com/id/34307191/ns/business-the_new_york_times
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