Do you support this $1,200 for some Americans but trillions for Wall Street and Boeing Bailout Bill?
@DanScavino @realDonaldTrump
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Yes it’s loans
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no its 2 trillion in bailouts. 4 trillion in loans outside of the bailout package.
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With interest.
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Yes. They had to buy back the preferred stock and pay dividends to the government. And payback all loans. The government made a profit on TARP and most of the 2008 bailout. I recall the government did lose money on the GM bailout though.
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It's also an opportunity to make low interest loans to buy up smaller businesses. The potential to misuse this provision is rather large. But I defer to those schooled in the financial arts. I hope I'm wrong.
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How do you forcibly buy a private company?
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Good point. Corporations have to pay it back with interest. Individuals get to keep their bailout.
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GM paid back the loan in full.
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