New York (CNNMoney) – An Obama administration lending program set up to funnel cash to small banks was expected to cost taxpayers $1.3 billion. Instead, it will turn a profit of $80 million.
But the turnabout isn't all good news: The Treasury Department's Small Business Lending Fund helped far fewer banks than Congress intended.
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From CNN Politics
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Some progress is better than no progress. I commend the adminstration for going over Congress' head to move this country forward.
I wonder where that profit is coming from. The taxpayers? Please! Don't do me any more favors, I can't afford em.
None of Obama's spending programs, were at all productive, and we are going to lose taxpayer dollars, on most of them.
In Obama's own words......80 million profit is pocket change. Obama is spending more than one trillion a year!