Government is being paid back

@bobmnu (8160)
United States
April 4, 2009 1:53pm CST
It seems that with new earnings reports comming out and maybe pressure from stockholders several banks are paying back the US Government the TARP money. As a share holder in some banks I applaud this move. Get the government out before they do more damage. My question is will we taxpayers (those who really pay taxes) see any of that moeny or interest or will it go to the wild spending fo the Federal Government just like a drunk who finds $20.00 and spends it on drink instead of food.
2 responses
@Dasari100 (3803)
• Anantapur, India
7 Apr 09
It is good for stock people and automobile industries who are really need for money and this policies may help them to came out from that situation so anyhow we can expect some days.
@bobmnu (8160)
• United States
7 Apr 09
The point is tha Government took or will take MY MONEY to bail them out and then when the get paid back they spend the money instead of me receiving it back. I am taking the risk and they are getting the rewards.
@Destiny007 (5820)
• United States
5 Apr 09
It will just be spent recklessly by the thieves in our government. They are doing everything that they can to destroy our economy and bring about their New World Order and turn us into a socialist country.
@bobmnu (8160)
• United States
7 Apr 09
I am afraid you are right. I have written to my Senators and Congressman asking them what will happen to my money.