Latest Tweets:
alternative investments, real estate and politics. emerging technology and economics. inspirational quotes from smart sapiens... these are a few of my favorite things.
CAUTION: content shared here sometimes require the application of common sense and/or a sense of humor to be fully appreciated.
Follow on twitter @_shagarie
#contrarian
The government sold its shares for $5.1 million less than its original investment in the four banks of $67.5M. But overall the Treasury says the investment was profitable after counting $12.1M in dividends it received from the banks, for total income of $74.5M. The profits will help offset losses in the broader financial bailout, known as the Troubled Asset Relief Program. The government loaned $417B to financial institutions and automakers under TARP. It has recovered $351B so far.
