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Old 09-16-2011, 12:08 PM
wiphan's Avatar
wiphan wiphan is offline
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Join Date: Jun 2006
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Quote:
Originally Posted by jms62 View Post
Or Not

http://projects.propublica.org/bailout/main/summary

The total amount invested in Fannie and Freddie so far is $169 billion. They have returned none of the money invested so far—and might never do so.
Fannie and Freddie are not banks and shouldn't be lumped in the same category. AIG is not a bank. Auto companies are of course not a bank. The Government's mortgage modification programs, FHA, etc are not a bank

How much money is left to pay by specifically the BANKS, escpecially any large institutions? How much did the banks pay in dividends, interest, etc.?

Did you know that the government forced many of the banks to take the money even though they didn't want it? It was described by a top CEO of a bank as a scene out of the god father. Many knew they didn't want it because of the unintended consequences of taking the money, which in turn is a major part of the problem with the economy. Banks are afraid to lend money to anyone with any risk because of the government intervention into their business.
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