Bailed Out at a Profit

TARP made 8.2%, or $25 bil­lion, on its money. That’s a solid deal for the US gov­ern­ment. Pure deficit reduc­tion, plus sav­ing the econ­omy. And now ex-​​President Bush wants to take credit for it:

“Depres­sion, no Depres­sion,” [Bush] was quoted as say­ing in the Tyler Morn­ing Tele­graph. “It wasn’t that hard for me, just so you know. I made the deci­sion to use your money to pre­vent the col­lapse from happening.”

I guess he’s lucky he’s not up for reelection.

20 October 2010 – 5:36 pm | By Benjamin Daniels | Posted in Corporations, Economics, Ownership, Public or Collective Ownership | Tagged , , , | Comments (70)