CNN had Jackie Calmes of the New York Times who said auto and bank bailouts were repaid with interest. But there are numerous articles this morning saying NO they have not been repaid entirely.
Is CNN accurate?
Asked by Anonymous at 12:21 PM on Aug. 9, 2010 in Politics & Current Events
They are not paid back 100%
Answer by sweet-a-kins at 12:23 PM on Aug. 9, 2010
Answer by sweet-a-kins at 12:27 PM on Aug. 9, 2010
While many of the larger banks receiving bailout funds through the Troubled Asset Relief Program, known as TARP, have repaid their loans, most smaller banks have not and could face rising dividends in the coming years.
The Treasury invested in hundreds of smaller banks through the nearly $700 billion TARP and has almost $25 billion in loans outstanding to small banks.
Answer by sweet-a-kins at 12:29 PM on Aug. 9, 2010
Answer by Youngwifey2 at 2:30 PM on Aug. 9, 2010
Answer by Scuba at 2:54 PM on Aug. 9, 2010
Answer by sopranomommy at 4:48 PM on Aug. 9, 2010
Answer by san78 at 5:40 AM on Aug. 10, 2010