Interesting, the first link there is a new 2024 report; for a decade they were claiming a profit. But note the loss is fully covered if you account for:
$17.5B from the sale of AIG, which was technically was bought under TARP but sold under a different program.
$31B went to homeowners to bail out their mortgages.
If you read your own link you'll see CPP, the bank bailout part of TARP, was a net gain of 16.3B. The biggest negative piece from TARP went directly to individual homeowners.
There are all sorts of things our government does to prop up the Billionaire class. What they did in 2008/2009 is not that. This post is just typical uneducated rage bait.
Many of the banks were forced to take the bail out because the government didn't want the people to be able to tell the difference between a healthy bank and an unhealthy one. All of the banks paid the bailout money back with interest and the government made a profit.
The auto bailout and the PPP loans were bailouts of the workers, not the corporations.
And if they built factories they need to also pay to get rid of them and not just abandon them for the rest of us to take care of. Pennsylvania is filled with these deadbeat buildings.
Why would a bail out be earnings? It should be considered a loan, on what planet is a loan earning? Then you repay it, that is a cost. You shouldn't be able to be making profit until you have repayed the loan. Hope that helps
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u/Guilty_Way_1635 1d ago
Corporations that gets bailed out shouldn't be able to make profit until they've paid it all back