Friday, March 5, 2010

Fed Profits 1.57 BILLION from BAILOUT

So with all of these assholes out there complaining about the fucking bailout should examine the numbers and look into how much the federal government and tax payers are really going to be benefiting. In the end all of the tax payers will have made the best possible investment possible for the highest real rate of return. If you disagree than you are a MORON.

With the warrants that the fed sold on BOA they grossed a whopping $1.57 billion due to the price getting bid up after the goldman and JP morgan sales brought in roughly 1 billion each as well.

The next warrants are due in 2018 and will see the fed even wealthier and hopefully the taxpayers will stop complaining by than.