patrick.net

JH says

Announced by federal and state officials in Washington, the deal requires the nation's second-largest bank to pay $9.65 billion in cash and provide $7 billion for consumer relief, such as reducing mortgage payments for struggling homeowners and funding neighborhood stabilization efforts.

That $17 billion will only come from the money we gave them in the first place. It's like the government gives the bank $50 billion, takes back $17 billion, while claiming to be heroes at each step.

Strategist says

That $17 billion will only come from the money we gave them in the first place.

Took me a minute...yeah, you're right. I think that's called money laundering...well, if you aren't in government...

If it does get paid back, it gets paid back in bank fees via the customer...

Strategist says

That $17 billion will only come from the money we gave them in the first place. It's like the government gives the bank $50 billion, takes back $17 billion, while claiming to be heroes at each step.

.

That money has been paid back with interest.

http://projects.propublica.org/bailout/

The penalties to B of A come out of owners pockets (lower profits).

thunderlips11 says

If it does get paid back, it gets paid back in bank fees via the customer...

True--all penalties come out of profits which ultimately come from consumers. But, B of A can only charge what the market will bear so there is a limit to how much they can raise fees. Theoretically, they already have those fees at the level that maximizes profit so any futher raises will not help.