Comments on: Taxpayers Take Early Hit In Bailout Gamble

Bank Shares Bought Up By U.S. Have Lost $9 Billion In Last Month

[joe68sg1]

Obama has the right idea...bail out the people on the bottom, and let the money trickle UP...exactly opposite of what is happening now.
The republiCONS have done it backwards for so long that we might not ever recover fully.

Did anybody really expect the current administration to get this right?

They have screwed up everything they have touched and now, all of a sudden, they will get this right??? Get real !!!

I think we ought to just boot McBush out of office right now, and let the people that know what to do take over, before it is too late.

How much further down can we get in 2 months??? Hold on to your hats...we will drop clean out of sight.
Lower than whale sh*t...

Of course, McBush feels our pain as he buys a new $1.5M house. Wow...he really does feel for us ???

[nothappyatall]

Stock intended to eventually earn taxpayers a profit as part of the Bush administration''s massive bank bailout has lost a third of its value - about $9 billion - in barely one month,"

Well, did anyone REALLY expect anything different from the man who failed every business he ever had his grubby hands on? this was his last opportunity to rape the public by forcing us to pay $700 B to bail out banks and knowing full well the stocks would plumet and probably become worthless within a year- the money GONE into his buddy''s bank accounts.

Just like the auto makers show up in their PRIVATE JETS looking for money from us to bail THEM out!

[torva-2009]

Impeach congress

[fornicario]

Of course the taxpayers lost money. If anything, did you honestly expect this current administration with it''s history of putting corporate interests ahead of the American taxpayers to do anything except bail out Wall Street at our expense once again?

[malta-falcon]

This article seems silly - the government (treasury dept) did not buy stocks to try and make a quick profit. It bought stocks as a way to put cash in the system to keeps these struggling banks solvent. So yes, the stocks have depreciated since the government intervened and if they were sold now it would be a loss. But the government plans to hold it for 10 years and make a profit eventually. The real concern about loss is if the banks collapse and wipe out the stock value.

[rights4all]

Isn''t that expected? What do you expect when the govt treats the taxpayers'' money as Monopoly money.
It was mind boggling how the govt agreed to pay over $10 for each Citi share when you could buy it in the market for less than $4 on the Friday before the bailout. Taxpayers will be losing more when the govt buys more distressed assets at inflated prices.

[summarex]

The third Republic has failed !

[jtdev1]

Now did you really think the Tax Payer would make money on this?

Besides, the "Tax Payer" will never get a dime, any money returned to the government (like thats going to happen) will go straight out to some other issue. In fact, they will never payoff the borrowed money and we''ll be paying interest on it forever...

Why didn''t congress stipulate that any and all monies paid back will go directly on the national debt?