Remember that? You should. It spawned both the Tea Party and Occupy Wall Street movements. Big bank bailouts were universally hated. Discontent spread all across the land.
As a taxpayer, how much do you think the bailouts of the big banks cost you?
Yesterday’s report answers that question. It is called:
“An Update on the Wind Down of TARP’s Bank Programs“
– Timothy G. Massad, Assistant Secretary of Financial Stability, 12/18/2012
The big bank bailouts didn’t cost taxpayers one single penny. In fact, as of right now, taxpayers have raked in a profit of $23 billion.
Taxpayers made 9.4% in total interest profits from their involuntary bank investments.
How often do you know of that a government program actually…
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