Rescued banks post big profits, drawing ire. Now that "we the people" own a big stake in their stock, shouldn't we want them to be profitable? See LINK:
by 
Jim in a Nautilus COAT
ANSWERS: 3
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No link showing for me, but yes.
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We don't truly own a big stake in their stock. We have borrowed money from them to bail them out. All of that money has to be paid back. The banks have just off loaded all the toxic waste investments onto us. All the bad loans that they thought wouldn't be paid back they have sold to us while keeping the sweet stuff for themselves. We just got totally screwed!
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Actually, statistics never lie, but a lot of liars are statisticians. After reading this, I looked further into the claims and here is what I found. The aggregate figure contains programs that the government is no longer on the hook for. For example, it includes $12.9 billion bridge loan to JPMorgan Chase to buy failed investment bank Bear Stearns in March 2008 -- that loan was repaid in full with taxpayers making $4 million in interest. The aggregate figure also includes bank debt backed by the Federal Deposit Insurance Corp. Taxpayers are on the hook if the banks can't make good on the debt, but so far taxpayers haven't lost a dime and have in fact made billions in fees paid to the program, said industry analyst Jaret Seiberg, who generally supports transparency and disclosure of risk.
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