TARP! Yes TARP has been repaid! Why are people complaining, when the money has been repaid? Who are these people who are clearly ignorant of the facts?!!?
That would be you.
We loaned citibank $25bn with TARP. They paid that back. You seem to think that thats the end of the story. Thanks for telling us what we should read.
Turns out we also guaranteed losses on $300bn of assets, added an additional $20bn, and a further credit line of $45bn.
From were I'm standing, that should mean we own citibank. If my company was in that situation, you think investors would offer me a loan? You think that's gonna be the deal you get next time your company is in trouble?
We should own it, dismantle it, break it up. Do that for every big bank down the line.
But forget the $350bn. You think that if your business needs $25bn or it goes under tomorrow, that one of these rich people will just loan you $25bn and let you pay it back when you can? LOL. In my world, $25bn bought citibank outright, and we overpaid. Instead we got 36%. Joke.
That would be you.
We loaned citibank $25bn with TARP. They paid that back. You seem to think that thats the end of the story. Thanks for telling us what we should read.
Turns out we also guaranteed losses on $300bn of assets, added an additional $20bn, and a further credit line of $45bn.
From were I'm standing, that should mean we own citibank. If my company was in that situation, you think investors would offer me a loan? You think that's gonna be the deal you get next time your company is in trouble?
We should own it, dismantle it, break it up. Do that for every big bank down the line.
But forget the $350bn. You think that if your business needs $25bn or it goes under tomorrow, that one of these rich people will just loan you $25bn and let you pay it back when you can? LOL. In my world, $25bn bought citibank outright, and we overpaid. Instead we got 36%. Joke.
Two sets of rules. One for them. One for us.