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74°
Rain | 7MPH
NEWSROOM * CIRCULATION * ADVERTISING
Friday
July 2010
30
Just like many of you, I've seen my investments drop significantly in the last year. One sign of good news that I'm happy to see is that some of that TARP money is being repaid. The return is very good. Goldman Sachs repaid the $10 billion in TARP money which they were forced to take during the crisis late last year. They paid $318 million in dividends and an additional $1.1 billion to buy back the warrants the government received when the government invested in them last year. That's an annualized yield of 23%. I'm still not happy with what has happened on wall street but I'm very happy to get that kind of return. I'm also disgusted with the real estate and mortgage industries in as much as wall street because of their role in creating this financial crisis. Who was the last real estate person who actually told you you could possibly lose money in real estate? There still are issues with how people on wall street are compensated but I'm more than willing to accept a 23% return. I know it's easy to just complain on a specific topic causing all the problems and then conveniently forget when things start to turn around. If you don't like what is happening, in government, put up or shut up. Run for office and then we can all judge how well you make decisions when you can't conveniently forget the facts. It's so easy to second guess people in government from the comforrt of your living room. Thank you.
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