CNBC Analyst Debunks Myth Bailout Will Make a Profit

Jeff Poor
September 29th, 2008 3:52 PM
The theory that bailout legislation recently defeated in the House of Representatives would make money for the federal government has been propagated by the financial media. But according to a recent report released by the International Monetary Fund (IMF), a profit is unlikely. The September 2008 report from the IMF stated the chances of the government recouping anything more than just a…