Home > business, international, opinion, political, rants > It’s Time To Pay That Money Back

It’s Time To Pay That Money Back

sbwnewsitemWe paid them bailout money, and now they are showing better than expected profits (and some record profits).

That either means the bailout packages to the banks works, or they pulled the wool over the eyes or they pulled the wool over the eyes or American. SWB thinks it’s both. Some are coming good like Goldman Sachs, but we’re still waiting to see if others like Citi, etc are going to make good also. You know, the ones raising rates to get more money of the American people along with million they already acquired in the bailout?

Click Here for an article by Malen Read from the Associated Press as it appears in the Pittsburgh Post-Gazette.

-SWB

PS – I wonder if the banks will take on their customers habits of defaulting on loans. Wouldn’t that be a little irony?

BTW – WTAE news touched on the fact that some banks said that the bailout money was supposedly set aside, used as an “Insurance Policy” and really wasn’t needed anymore.  Hmmmmm.

Advertisements
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: