As Big Banks Repay Bailout Money, U.S. Sees a Profit

This is the load of BS spin NYT puts out. Does it really take a lot of thought to figure out the travesty of having lent to these guys in the first place? They make huge profits, payback their loans with interest, and move on and NYT tries to makes it sound great. Of course the banks want to pay back quickly and make sure the gov't. stays out of the banking business. It would ruin the party they have going on. - MBC

http://www.nytimes.com/2009/08/31/business/economy/31taxpayer.html?_r=1&th&emc=th

"...taxpayers have begun seeing profits from the hundreds of billions of dollars in aid that many critics thought might never be seen again.

The profits, collected from eight of the biggest banks that have fully repaid their obligations to the government, come to about $4 billion, or the equivalent of about 15 percent annually, according to calculations compiled for The New York Times..."

"...“The taxpayers want their money back and they want the government out of our banking system,” Representative Jeb Hensarling, a Texas Republican and a member of the Congressional Oversight Panel..."