Even The Gov’t Is Beating Expectations

I apologize because I can’t find the story I read the other day to provide a link.  But, with all of the "bailouts," the estimated loss this year for the government was supposed to be $1.8 trillion.

Go figure… that figure is now expected to come in closer to $1.5 trillion — still hideously large — but… since everyone seems to be getting credit for "less bad," the government should, too. 

Seems like we’re not "bailing out" as much as we thought… and that some of the "bail outs" are actually providing a return.

Seems like there is more common sense in Washington these days.

… And Another

     "… the government is up almost $5 billion on its position in Citigroup."

Another Good Investment By We Investors of Last Resort

I’ve said it before and I’ll say it again:  I like being an investor of last resort… that is, a U.S. taxpayer in a time of crisis.  Here’s another good investment we made:

 

     Morgan Stanley Pays $950 Million for TARP Warrants

 

     Morgan Stanley said that including dividends, its payments to the government will total $1.26 billion, a 20 percent annualized return on its investment last fall.