Taxpayers just received 25 billion profit

[shovelheadt 71]

http://money.cnn.com/2012/03/19/news/economy/mortgage-treasury/index.htm?source=cnn_bin

 

Election....lock

[IGotWorms 4,058]

But...but...that's socialism!!

[Recliner Pilot 61]

:lol:

 

 

Last March, Treasury started the process of selling those securities. The agency reported that the total of cash from the sales, the principal and interest paid taxpayers back $250 billion.

However, if the mortgages behind those securities fail, taxpayers will still be on the hook, since federal housing giants guarantee the loans and taxpayers have been propping up Fannie Mae and Freddie Mac.

[heavy-set 39]

:lol:

agreed.

 

25 bil to the government is a handful of piss

[drobeski 3,061]

So when will I be seeing this profit in my paycheck ? Could use the extra cash with the insane prices of gas nowadays.

[Recliner Pilot 61]

So when will I be seeing this profit in my paycheck ? Could use the extra cash with the insane prices of gas nowadays.

Don't hold your breath, Obama is spending a hair under $2 Billion per hour, so it's been spent since Shovelbrain posted this thread.

 

[drobeski 3,061]

Don't hold your breath, Obama is spending a hair under $2 Billion per hour, so it's been spent since Shovelbrain posted this thread.

 

so this thread is just a pile of horse crap ?

[KSB2424 3,148]

While 25 Billion would be a drop in the bucket to the deficit, it would be a huge gesture if the administration came out and said, we are putting 25 Billion against the Deficit.

 

I'd be impressed.

[BLS 314]

So the worthless mortgages they bought with printed money are having a return because the same entity (Uncle Sam) guarantees them mortgages if the buyer defaults?

 

Oh, and WE (the taxpayers) are "making a proft"? Really? How much you paying for a gallon of gas, a lb of chicken or a gallon of milk dumbass? Think that 'free money' doesn't come with a pricetag?

 

And you call that a profit?

 

 

Holy ###### some of you people are retarded. Flat out fuckin retarded.

[shovelheadt 71]

So when will I be seeing this profit in my paycheck ? Could use the extra cash with the insane prices of gas nowadays.

I love how you fockers change the argument to fit your needs. When all of these bailouts were happening, it was a constant river of 'quit spending the taxpayers money!'.

 

4 More Years!!

[Recliner Pilot 61]

The Govt is still on the hook for every penny.

[drobeski 3,061]

I love how you fockers change the argument to fit your needs. When all of these bailouts were happening, it was a constant river of 'quit spending the taxpayers money!'.

 

4 More Years!!

Changed what argument ? I wasn't the one posting crap ass articles about us tax payers getting a profit. That was you, I'm just wondering when us tax payers get to reap the benifits of this great news.

[NorthernVike 2,087]

So the worthless mortgages they bought with printed money are having a return because the same entity (Uncle Sam) guarantees them mortgages if the buyer defaults?

 

Oh, and WE (the taxpayers) are "making a proft"? Really? How much you paying for a gallon of gas, a lb of chicken or a gallon of milk dumbass? Think that 'free money' doesn't come with a pricetag?

 

And you call that a profit?

 

 

Holy ###### some of you people are retarded. Flat out fuckin retarded.

 

 

 

shovelheadt, you've been completely pwned.

[BunnysBastatrds 2,447]

So the worthless mortgages they bought with printed money are having a return because the same entity (Uncle Sam) guarantees them mortgages if the buyer defaults?

 

Oh, and WE (the taxpayers) are "making a proft"? Really? How much you paying for a gallon of gas, a lb of chicken or a gallon of milk dumbass? Think that 'free money' doesn't come with a pricetag?

 

And you call that a profit?

 

 

Holy ###### some of you people are retarded. Flat out fuckin retarded.

 

 

Printing money is good. You didn't get the memo?

[rholio 339]

Bah. Get back to the good ol' days of "Elect me and I'll give each of you $300."

 

Straightforward, clear message, and delivered, deficit be damned.

[Phurfur 70]

While 25 Billion would be a drop in the bucket to the deficit, it would be a huge gesture if the administration came out and said, we are putting 25 Billion against the Deficit.

 

I'd be impressed.

Yup, and any new taxes go against the deficit.

[drobeski 3,061]

Shovel you wicked smart college kid, get in here and defend your thread