US To Lose $400 Billion on Fannie, Freddie, Wallison Says

RightinNYC · Jan 17, 2010

cpwill said:
alright, we need to break this up because i think i see where we are getting split apart.

several banks that were initially solid (and thus forced to take TARP funding whether they wanted it or not) have indeed repaid us.

those banks that were not solid, have not repaid us the money we have given them; in particular (this is what I was trying to point out), claims of their recovery via their ability to pay are built on sand, as they have often been getting the money that they have been paying us back with (and this is important) from us.

Again, this is just plain wrong. The government is turning a profit. Saying it's not so doesn't make it not so.

Please list some of the banks that you believe fall into the latter category.

obvious Child · Jan 17, 2010

cpwill said:
those banks that were not solid, have not repaid us the money we have given them; in particular (this is what I was trying to point out), claims of their recovery via their ability to pay are built on sand, as they have often been getting the money that they have been paying us back with (and this is important) from us.

Do you have evidence of this?

While it is a fact that many TARP banks are using TARP money to buy US debt and are using the differential between the interest on TARP and interest on US debt to pay back the debt, there's no way at current rates that alone can account for the interest much less the principle.

In the past months, most repayments have come from equity sales. Do you have evidence that the US government made purchases in those equity offerings?

US To Lose $400 Billion on Fannie, Freddie, Wallison Says

RightinNYC

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obvious Child

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