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by zigradett 1756 days ago
Someone also needs to put to rest the "The Banks were bailed out using taxpayer money!" scandal.

Based on what I heard, TARP the Troubled Asset Relief Program, bought a small percentage of those hedge funds and investment banks that were in danger of going under, then let them slowly buy their own shares back over a number of years ... ..... and the "taxpayers" got all their money back.
2 comments
rspoerri 1756 days ago
"Troubled Assets Relief Program (TARP) | U.S. Department of the Treasury Troubled Assets Relief Program (TARP)" . Seems very goverment to me...

It doesnt matter if its a loan. A lot of businesses would be profitable if you would give them 2 billion dollars. Just invest them in a diverse portfolio and real estates. And you are profitable in a short time. Getting that money in the first hand is whats difficult.

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throwaway2048 1756 days ago
how exactly is this not using taxpayer money? It carried a ton of risk and likelyhood said companies would default and the money would never have been repaid.
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