Quote:
Originally Posted by GregE
But the banks got bailed out. The homeowners, not so much and therein lies the rub.
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Banks received a liquidity injections of various forms, which basically means that they received a loan that they had to and have by now paid back.
"....combined with dividends and sales of warrants, Treasury has declared that taxpayers have earned a profit on the CPP. Thus far, $245 billion has gone out, and $255 billion in repayments, interest and warrants has come back,
yielding a profit to taxpayers of $10 billion. And there's several billion more where that came from."
http://finance.yahoo.com/blogs/danie...205658852.html
So banks received some help, and tax payers ended up with so far at least 10B profit... where exactly is the problem?