Posted 2 years ago on Nov. 20, 2011, 5:04 p.m. EST by JoeTheFarmer
This content is user submitted and not an official statement
I was researching the bailouts on the web and found several sites that claim the bailouts were actually loans to the banks that were paid back. The banks also had to pay quarterly dividends to the US treasury until they paid back their loans.
In total the US Treasury made $39.4 billion so far in interest and dividend payments for the loans. I also read that 90% of the loans have been paid back.
So was this really such a bad idea? I am not an economist but is sounds pretty good to me.