Bank bailouts bringing profit

Bank bailouts bringing profit

There are 1 comment on the Columbus Dispatch story from Sep 1, 2009, titled Bank bailouts bringing profit. In it, Columbus Dispatch reports that:

Nearly a year after the federal rescue of the nation's biggest banks, taxpayers have begun seeing profits from the hundreds of billions of dollars in aid that many critics thought might never be seen again.

Join the discussion below, or Read more at Columbus Dispatch.

Heaven Llewellen

United States

#1 Sep 6, 2009
Although this is counterintuitive it is no surprise. The S&L crisis in the 90's produced significant profits. I for one am not convinced the end is in site. Good loans go bad because people can't make their payments. The government stimulus is nursing the financial sector along while we struggle. Very bad idea. We need to fix employment otherwise a commercial real estate implosion is coming that will lower our standard of living for generations to come. Unemployment will near 15% before 2012. We're headed down the same path as Japan did in the 90s when we should be taking not on what China is doing today. Their deficit is 14% of their GDP and their unemployment rate rose less than 1% through this crisis and appears to have topped out in Jan at 4.3%.
Thanks for the interesting insight.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Mac Thornberry Discussions

Title Updated Last By Comments
News Army chief urges caution amid calls to arm more... Jul 28 Cat74 27
News Dempsey doubts need for deep US role in Iraq, u... Jun '15 Pope Closet Emeritus 50
News Shaped by war, Dempsey doubts wisdom of deep US... Jun '15 Rev Don Wildmoan 21
News Russia still violating arms treaty, U.S. says Jun '15 TERRORIST RUSSIA 9
News Rogin: Putin burns Russian dead to hide Ukraine... May '15 DEAD RUSSIAN TERR... 1
News GOP gears up for fight with Obama over defense ... May '15 Gruden Face 37
News Armed Services chief to Obama: Don't 'play poli... May '15 Le Jimbo 3
More from around the web