phill4paul
08-31-2009, 06:16 AM
Report: US makes $4 billion from bailout banks
http://news.yahoo.com/s/ap/20090831/ap_on_bi_ge/us_bailout_profits
The U.S. government has hauled in about $4 billion in profits from large banks that have repaid their obligations from last year's federal bailout, The New York Times reported Sunday.
Profit: The positive gain from an investment or business operation after subtracting for all expenses. I don't think the conditions for profit have been met. Have these banks payed off the loans already?
http://news.yahoo.com/s/ap/20090831/ap_on_bi_ge/us_bailout_profits
The U.S. government has hauled in about $4 billion in profits from large banks that have repaid their obligations from last year's federal bailout, The New York Times reported Sunday.
Profit: The positive gain from an investment or business operation after subtracting for all expenses. I don't think the conditions for profit have been met. Have these banks payed off the loans already?