Where's is all the Money?

• Posted by Rev Robert Fuller April 23, 2010 - 1,063 views

  Where's is all the Money?

              Gm repaid  8.1 billion  with interest Apr 20, 2010 and the government still owns 61 per cent of GM.

              Eight of the biggest banks have fully repaid their loans with the government even earning a 4 billion dollar profit in interest. These figures do not include the 35 million in interest earned from 14 other banks that have already repaid their loans.

              American taxpayers could still collect additional profits on their investments in two other big banks that have repaid their preferred stock but not their warrants: JP Morgan Chase and Capital One. They are expected to yield over $3.1 billion in gains for the Treasury in the next month or so, although the full tally will depend on how much they will pay to buy back their warrants.

              And the government is owed about $6.2 billion in interest payments from banks that have not yet repaid their federal money.

              Call me dumb, or say I just do not understand, but they are still telling the American people we have a 42,000 dollar debt each, to repay from the original bailouts.

               I mean were are these billions of dollars going that have been repaid. Lets hope the Senators can at least pay their $272,000 back food bill at the senate restaurant now, because the American public sure has not seen any of the billions of dollars that have been repaid, but we sure seem to get the bills.

                                                                    Just an Old Preacher's Opinion

                                                                                      Rev Robert Fuller