AIG, autos offset Treasury bank bailout profits

cory777

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Mon Jan-11-10 08:48 PM
Original message

AIG, autos offset Treasury bank bailout profits

Source: Reuters

WASHINGTON (Reuters) - U.S. taxpayer profits from bank bailout investments are being offset by estimated losses from American International Group and automakers and mortgage payment cuts for struggling homeowners, a U.S. Treasury report showed on Monday.

The Treasury estimated net losses on its $700 billion bailout program at $68.5 billion for the fiscal year ended September 30, 2009.

Read more: http://www.reuters.com/article/idUSTRE60A4XU20100111

Not bad for one year!

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cory777

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Mon Jan-11-10 09:20 PM
Response to Original message

1. 911

Call the cops we just got robbed!

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