Toro
Diamond Member
- Thread starter
- #21
It's only counting some of the $787 Billion. Why is that?
The article is only counting actual government stock stakes in banks and insurance companies, not complete government outlays to banks and insurance companies.
This seems impossible considering the governments 80% stake in AIG, but bank shares were plumbing the bottom of the barrel when the TARP leg was passed and implemented. They have recovered considerably and that is likely where the government managed to close the gap.
Yet another case where the government posts misleading data.
$787 Billion out, $351 Billion is is a profit?
And they wonder why we commoners just don't think they are doing things correctly.
Where does it say $351 billion is a profit?