How Treasury Favors Banks over Taxpayers in Warrant Negotiations [View article]
You dissenters all assume taxpayer gets whole on all the banks who were given TARP. Do you forget that only a minority of banks will pay back the TARP?? So just because your AAA credits are paying, doesn't mean the "cost to taxpayers is nil", we are paying because the sub-prime banks are going to eat all our TARP and give nothing back.
Furthermore, when part 2 of this crises occurs, the gov't is going to have to bail out TARP-paybackers AGAIN.
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You dissenters all assume taxpayer gets whole on all the banks who were given TARP. Do you forget that only a minority of banks will pay back the TARP?? So just because your AAA credits are paying, doesn't mean the "cost to taxpayers is nil", we are paying because the sub-prime banks are going to eat all our TARP and give nothing back.
Jul 08 21:09 pm
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All Comments by B.M. »How Treasury Favors Banks over Taxpayers in Warrant Negotiations [View article]
Furthermore, when part 2 of this crises occurs, the gov't is going to have to bail out TARP-paybackers AGAIN.