Taxpayers Receive 23% Return Over Six Months

[Parsad]

Taxpayers got a 23% return over six months on Goldman Sachs repayment of bailout money.  Cheers!

 

http://www.bloomberg.com/apps/news?pid=20601087&sid=a6pS.2Pr7bdQ

[Mungerville]

If it wasn't so depressing it would be funny.  The so called 23% return doesn't include all the other forms of direct and indirect support to Goldman like bailing out AIG for one at Goldman's counterparty exposure to them.  There are countless others.  They are either good at PR or people are stupid enough to believe it.  Mainly the latter.

[yudeng2004]

People think in micro terms.  When you lose 10k in your investment portfolio, then you see a TV on sale at 30% off that saves you 200 bucks, the 200 bucks saved can make your day and make you forget your 10k loss.

 

 

 

If it wasn't so depressing it would be funny.  The so called 23% return doesn't include all the other forms of direct and indirect support to Goldman like bailing out AIG for one at Goldman's counterparty exposure to them.  There are countless others.  They are either good at PR or people are stupid enough to believe it.  Mainly the latter.

[Guest kawikaho]

In other news, US taxpayers are still on the line for 2 trillion+ dollars!