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by dmix 2501 days ago
mhm, everyone posts this reply whenever it comes up now as if that was the whole point of TARP was to make some money off mega-banks and car companies.

Subsidizing monopolies and financing M&As which further reduce competition is always a safe bet if your goal is making money. Especially in a down market when no one else has your special access to cheap capital... you can make a killing and help your buddies from private school get the bulk of it. Why doesn't the gov always do that?!

If the public asks questions just show them the sweet 10% interest the government got back. Who cares about moral hazards, long term stability, opportunity costs, lack of competition, oversight, and people lying to congress. We're now $100b richer(?), at least in the short term!