ron2609 Wrote:
Dec 22, 2012 6:39 PM
Incomparable. the money lent to the BIG banks was paid back with $25 billion or more in interest to the Federal gov't. That element of the $700 billion was hardly a flush down the toilet like farm subsidy. People conveniently forget that. The ones who still owe are second tier home town banks. Congress intervened along with Obama and now out of that 700 billion we lent money to government agencies $160 billion which will never see again Fannie and Freddie and we own still a sizable chunk of General Motors, currently at 30 billion dollars (Some of which will never be repaid)