Don’t confuse the TARP bailout with what the deal with the SEC was supposed to cover.
Citigroup already paid back everything it got from TARP and the taxpayers got a huge multibillion profit from that investment. See the Wall Street Journal article discussing that:
If we ever get to see the books on what Bernanke has been doling out, even you TOPOV will be outraged. Citgroup built the new ballpark for the Mets on taxpayer money.
As a resident of Queens, I can assure you that Citi did not “build the new ballpark for the Mets” They paid to have their name on the field, just like Enron did in Houston and Safeco did in Seattle. They made that deal in 2006, well before the financial crisis. The naming rights were a $20 million/year deal for 20 years. Trust me, the stadium cost oodles mnore to build than $20 million that was paid that first year.
Yea right… here’s a quote from the article you’re referring to: “Overall, taxpayers are expected to end up with a $12.3 billion profit on the government’s $45 billion investment in the company…” I’m sorry, maybe I’m missing something here but investing $45 billion and getting $12.3 billion in return, doesn’t seem like a great deal to me. But what do I know.
After finally finding out just how much money was doled out at the risk of U.S. taxpayers (7.7 TRILLION!!!), this paultry sum doesn’t begin to scratch the surface of the corruption and ineptness of the whole bailout fiasco. This judge ought to be written up in every newspaper as a “hero”!!
The status quo of settlements with a wink, a nod, and a denial of any wrongdoing must end. Kudos to the judge.
Cheers for this Judge, wish we had more like him!!
He was appointed to the bench by Bill Clinton. If you want more judges like him, elect a Democrat for President.
Right, so they can keep this country in the same mess it’s in now. No thank you.
So they get billions from TARP on the bailout and want to settle for millions. Hmmmm! What is wrong with that picture?
Don’t confuse the TARP bailout with what the deal with the SEC was supposed to cover.
Citigroup already paid back everything it got from TARP and the taxpayers got a huge multibillion profit from that investment. See the Wall Street Journal article discussing that:
http://online.wsj.com/article/SB10001424052748703293204576105763449264874.html
If we ever get to see the books on what Bernanke has been doling out, even you TOPOV will be outraged. Citgroup built the new ballpark for the Mets on taxpayer money.
As a resident of Queens, I can assure you that Citi did not “build the new ballpark for the Mets” They paid to have their name on the field, just like Enron did in Houston and Safeco did in Seattle. They made that deal in 2006, well before the financial crisis. The naming rights were a $20 million/year deal for 20 years. Trust me, the stadium cost oodles mnore to build than $20 million that was paid that first year.
Oh, and for what it’s worth….I and most of my lifelong fellow Mets fans still call it Shea anyway :)
Yea right… here’s a quote from the article you’re referring to: “Overall, taxpayers are expected to end up with a $12.3 billion profit on the government’s $45 billion investment in the company…” I’m sorry, maybe I’m missing something here but investing $45 billion and getting $12.3 billion in return, doesn’t seem like a great deal to me. But what do I know.
After finally finding out just how much money was doled out at the risk of U.S. taxpayers (7.7 TRILLION!!!), this paultry sum doesn’t begin to scratch the surface of the corruption and ineptness of the whole bailout fiasco. This judge ought to be written up in every newspaper as a “hero”!!