PBH / Off Topic: do your thing / Forums (active)

The Bailout Bonanza

It's sorta interesting that we don't hear as much grexing about the loans that were painted as government handouts by some, lately.

"Given the results of the central-bank bailout thus far, Herb Allison, the former TIAA-CREF CEO who was tapped to run TARP, notes that "it's quite possible we'll have a positive return on the CPP program as a whole."

Regardless, the CPP —combined with all the other stabilization efforts—has become less of a political and financial liability than it was last fall. In late August, the Office of Management and Budget said the lower-than-expected cost of bailing out the financial system—including the money paid back from the CPP—meant the 2009 fiscal deficit would be $1.58 trillion, $262 billion less than the prior estimate of $1.84 trillion. Lee Sachs, counselor to the Treasury secretary, invokes the MasterCard ad in weighing the true yield. "Dividends: 5 percent; equity warrants: 2 percent. Financial system not going into total abyss: priceless."

That's one way of looking at it. But . . ."

(more): http://www.newsweek.com/id/214096/page/1

By sloopskipper on Oct 19, 2009, 18:08 in Off Topic.

dwmte7 says on Oct 20, 2009, 13:02:

is this obscene enough (deja vu all over again) goldman sachs is prepared to pay out 16.7 billion in executive compensation for 2009.

http://marketoracle.co.uk/Article14329.html

a fox changes holes, never habits.

patriarch

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