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by masonic
2705 days ago
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"Altogether, accounting for both the TARP and the Fannie and Freddie bailout, $632B has gone out the door—invested, loaned, or paid out—while $390B has been returned." It goes on to claim revenues that make up the difference in the stated amounts. However, I don't see them say these figures are inflation-adjusted. 2018 dollars are roughly worth 83 cents in 2008 terms. More importantly, those Propublica stats cover only TARP and the Fannie Mae / Freddie Mac bailouts. It counts the fake "profits" on the GM bailout[0] but not the losses on the losing end of the GM reorganization split[1], serving to bail out union pension plans. [0] https://hubpages.com/politics/Obama-General-Motors-GM-Tarp-B... [1] https://en.wikipedia.org/wiki/General_Motors_Chapter_11_reor... |
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