Owen

Bailout Cost, per Taxpayer, by Income

My apologies, Mr. Shaw. My post was intended for some of the commenters above, whose forecast was based on nothing but panic.

True, the initial indication of profit on the TARP funds may be misleading. However, the assumptions behind your calculations are also already known to be false, even if no additional dollar of TARP is to be repaid from this day on -- an unlikely scenario.

There was no way of knowing any of this in September 2008. What bothers me is the accountability of naysayers. I salute you for following up on your old articles and responding to comments. However, the fear mongering crowd of commenters who kept predicting the end of the world -- they were heroes a year ago, and now are nowhere to be found. I'd like to see one of THOSE idiots stand up and say, "Sorry, I was wrong!", instead of hiding behind a new alias.


On Sep 01 10:51 AM Richard Shaw wrote:

> Owen -- I presume from your comment that I am one of those idiots
> in your opinion. I disagree strongly with your view that TARP has
> shown a profit. There is no way to know what the profit or loss
> is until all the accounts are settled. It is false logic to assume
> that because some accounts have turned out well that the remaining
> accounts will perform similarly.