If you believe "they paid it back" is true, you may want to see this.

[Safetykitten]

http://www.nakedcapitalism.com/2011/10/debunking-the-paid-back-the-tarp-myth-banks-should-be-paying-over-300-billion-a-year-in-systemic-risk-insurance.html?source=patrick.net#post-21855

[Mimosa]

1. Thanks for the info, SafetyKitten n/t

[dkf]

2. Oh for goodness sakes, this is based on a hypothetical retroactive risk charge?

"He argues that banks should be paying taxpayers for the privilege of having them and their counterparties rescued, and that is over $300 billion a year.". So basically we didn't negotiate a good enough deal.

The fed is doing what they are doing. Seems to me his argument is that the Fed shouldn't be keeping rates so low and that looks like a beef with the Fed.

This is really a charge of government mismanagement and insufficient demands early on.

[DCKit]

3. From what I've heard, the actual bailout was closer to $14.7 trillion.

And that would certainly explain why they've been so busy printing dollars - and the resulting inflation.

[bhikkhu]

4. Its an argument that banks should be charged for insurance

...as the "bailouts" were similar to insurance. Who knows where they got the headline from that - one thing has little to do with the other.

There seems to more deliberate ignorance om this than on any other issue I can think of, except health care, perhaps.