Re: Big Banks’ Recent Profitability Due to AIG Scam?
The banks were helped out bigtime with the toxic assests of a trillion dollars put on the tax payers. Now that the banks no longer own the toxic assests, they no longer want to play by government rules. So they want to give back the TARP money, saying they are now looking for profitablity soon or already have. The banks dump the bad mortgage loans onto Freddy and Fannie and then let the tax payer pick up the bill.
I wonder when America will catch on…………????????????