Wednesday, August 11, 2010
Did the TARP Money Really Get Paid Back? - The Corner - National Review Online
Did the TARP Money Really Get Paid Back? - The Corner - National Review Online:
I didn’t see the show, but apparently Jackie Calmes of the New York Times was on Candy Crowley’s program on CNN this morning and claimed that the bank and automobile bailouts have been repaid with interest. A friend asks: Is that true?
No, not really. The part of TARP that deals with banks — the big banks, anyway — has largely been repaid: Goldman Sachs, Morgan, Wells Fargo, BONY, and the other bigfoot banks have paid back their loans.
But . . ."
I didn’t see the show, but apparently Jackie Calmes of the New York Times was on Candy Crowley’s program on CNN this morning and claimed that the bank and automobile bailouts have been repaid with interest. A friend asks: Is that true?
No, not really. The part of TARP that deals with banks — the big banks, anyway — has largely been repaid: Goldman Sachs, Morgan, Wells Fargo, BONY, and the other bigfoot banks have paid back their loans.
But . . ."
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