Report: American Taxpayers Still Owed $132.9 Billion From Bailout…
I’m sure the checks are in the mail.
WASHINGTON (AP) – A government watchdog says U.S. taxpayers are still owed $132.9 billion that companies haven’t repaid from the financial bailout, and some of that will never be recovered.
The bailout launched at the height of the financial crisis in September 2008 will continue to exist for years, says a report issued Thursday by Christy Romero, the acting special inspector general for the $700 billion bailout. Some bailout programs, such as the effort to help homeowners avoid foreclosure by reducing mortgage payments, will last as late as 2017, costing the government an additional $51 billion or so.
The gyrating stock market has slowed the Treasury Department’s efforts to sell off its stakes in 458 bailed-out companies, the report says. They include insurer American International Group Inc. (AIG), General Motors Co. (GM) and Ally Financial Inc.
If Treasury plans to sell its stock in the three companies at or above the price where taxpayers would break even on their investment – $28.73 a share for AIG, $53.98 for GM – it may take a long time for the market to rebound to that level, the report says. AIG’s shares closed Wednesday at $25.31, while GM ended at $24.92. Ally isn’t publicly traded.
Posted by ZIP on Thursday, January 26, 2012, at 5:15 pm | 
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Don’t worry, Hussein and ACORN will keep an eye on it.
But by reinvesting that money a savings can be made without burdening the middle class and more projects can be funded that will stimulate an even faster recovery and bring prosperity to those who have suffered, particularly minorities and children, from the previous administrations massive debt caused by an illegal and unjust war. Hope and change hope and change hope and change etc.
What the hell?! Romney voted for Carter AND Mondale over Reagan?
http://www.newsmax.com/InsideCover/Limbaugh-Reagan-Gingrich-Romney/2012/01/26/id/425666?PROMO_CODE=E066-1
Americans are owed a lot more than that! $132.9 billion is just the amount they are telling you about. Meanwhile, the shadow banking system remains, well, in the shadows! I fear that eventually our dollar will be worthless.
Who the fuck are the 458 companies? Is there a list?
I go search now. Google is banned in my hacienda. Freaking commies google.
Here come the tax man to tax our Big Macs and ruger revolvers
@Andrew
Andrew says:
January 26, 2012 at 7:06 pm
Who the fuck are the 458 companies? Is there a list?
99.99 percent belongs to Acorn, token amounts are “throwing crumbs” to the 458 companies
The followup question becomes, “Why do CEOs of companies, that stand to be destroyed when obastard transitions us to Communism, falling all over themselves to contribute huge sums to hussein sabarka’s campaign?”
Are they being blackmailed or are they just weak-minded fools?
Bartholomew Roberts