U.S. turns a $12-billion profit on Citigroup bailout

[Gabfly1]

So even when things work out as well as they possibly can for all concerned in specific instances, it's still not good enough for you bad haircuts, is it? Yes, please keep the integrity coming.

 

[dave4532]

Where is my share? Check is in the mail?

 

[CaptainObvious]

Quote from Gabfly1:

So even when things work out as well as they possibly can for all concerned in specific instances, it's still not good enough for you bad haircuts, is it? Yes, please keep the integrity coming.

No it's not good enough. If you go into my bank account, take my money and gamble with it, win, and keep all profits for yourself, that's not a good deal for me. It's especially more insulting when you do that, lose my money, and then tell me I owe you more money. Worse than that, after you've driven me to the poor house, you then call me a lazy ass for wanting unemployment benefits, which I fucking paid for in the first place. Gee, I can't understand why people are still pissed.

 

[Pekelo]

I wonder what the commission was on the whole trade....

 

[JamesL]

Quote from nutmeg:

"Taxpayers earned a $12-billion profit on the U.S. Treasury's $45-billion bailout of Citigroup Inc., the government reported as it sold the last of its stock in the banking giant.

======================

Interesting. Our gov't never turned a profit on any venture but hmnn.. now we need a dump truck for the profits.

These bailouts are quite profitable for the taxpayers.

27% return on investment.

Way to go, Ben!

 

[TIKITRADER]

Quote from dave4532:

Where is my share? Check is in the mail?

get in line for another unemployment extension. they will need a couple more big profits just to cover it.

 

[S2007S]

Quote from CaptainObvious:

Great investment with my money. When can expect my cut? OH, I forgot, profits are privatized. Only the losses are socialized in our new age of "capitalism".

Exactly

 

[Gabfly1]

Quote from CaptainObvious:

No it's not good enough. If you go into my bank account, take my money and gamble with it, win, and keep all profits for yourself, that's not a good deal for me. It's especially more insulting when you do that, lose my money, and then tell me I owe you more money. Worse than that, after you've driven me to the poor house, you then call me a lazy ass for wanting unemployment benefits, which I fucking paid for in the first place. Gee, I can't understand why people are still pissed.

You're pissed off because the Treasury was not depleted but actually enriched in the bailout of Citi? So win-win is just not good enough, eh? Unless you're pulling my leg and I'm not yet onto it, it seems that you're once again going down the rabbit hole. And just when I thought you were emerging from it...

 

[atticus]

So the UST earned a profit... and I suppose you all believe that the banks are profitable under cessation of MTM, right? I've never seen so many rubes in my life. There is enough koolaid for all, drink up!!

 

[olias]

Quote from Bob111:

to be fair and honest-they should tell us about their losses too.

here is the "little" one-

http://www.foxbusiness.com/markets/2010/11/17/treasury-takes-initial-public-loss-gm-shares/

Even if they lost money, they were able save GM and all those jobs. Given the current unemployment rate, I'd say that was pretty important. Come on people, give credit where credit is due. So much politics on this board...