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<p>[QUOTE="desertgem, post: 1081269, member: 15199"]What the banks are seeing is that the US Government is making a goodly profit on the loans that the banks received from the bailout in exchange for stocks or warrants. Same for AIG when it comes around to selling the government shares of AIG stock. So the major banks are satisfying the progressive stress tests and are ( according to Dimon, Head of JP Morgan) doing their own stress test runs to try and speed up the process, pay back the money from the government, and keep the future gains to themselves. For example, Citibank was bailed out for 45billion dollars. The government took 34% of the shares for 25 billion of the loan, and citibank wants to repay the outstanding, but the US government is in no hurry, since they have gains of close to $14 billion already and it could increase if they don't accept the payback. Similar situation with AIG, who received over 180 Billion in bailout, but the government's position for that has also made a multibillion profit already. Basically , I think you can wipe the bailout off the slate of worries.</p><p><br /></p><p>So, even though there are skeptics, the majority of the American people do not know how well the payback for the bailout has gone. The question is what is the government going to do with the </p><p> <p style="text-align: left"><span style="color: #000000">profits? They are sure keeping somewhat quiet about how smart they were to bail out these companies and making billions of profits. You can find the appropriate news by googling. IMO.</span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000">Jim</span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p><p>[/QUOTE]</p><p><br /></p>
[QUOTE="desertgem, post: 1081269, member: 15199"]What the banks are seeing is that the US Government is making a goodly profit on the loans that the banks received from the bailout in exchange for stocks or warrants. Same for AIG when it comes around to selling the government shares of AIG stock. So the major banks are satisfying the progressive stress tests and are ( according to Dimon, Head of JP Morgan) doing their own stress test runs to try and speed up the process, pay back the money from the government, and keep the future gains to themselves. For example, Citibank was bailed out for 45billion dollars. The government took 34% of the shares for 25 billion of the loan, and citibank wants to repay the outstanding, but the US government is in no hurry, since they have gains of close to $14 billion already and it could increase if they don't accept the payback. Similar situation with AIG, who received over 180 Billion in bailout, but the government's position for that has also made a multibillion profit already. Basically , I think you can wipe the bailout off the slate of worries. So, even though there are skeptics, the majority of the American people do not know how well the payback for the bailout has gone. The question is what is the government going to do with the [LEFT][COLOR=#000000]profits? They are sure keeping somewhat quiet about how smart they were to bail out these companies and making billions of profits. You can find the appropriate news by googling. IMO. Jim [/COLOR][/LEFT][/QUOTE]
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