Quote:
Originally Posted by dave from mesa
JPMorgan Chase and Co. ---- $25 Billion
So let me get this straight.
Six months ago they needed the money and nothing has changed and now they have $25 billion in profits?????
I must be dumber than I thought.
|
No, it was not paid back out of profits - they simply payed back the same funds that they were paid by the government - they didn't originally need the funds - they were forced to take the funds, probably just to insure that the focus wasn't on the few big banks that were really in trouble, like Citi Bank.
Nothing is transparent when Obama is involved.