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re: Amount repaid by TARP recipients surpasses outstanding balance
Posted on 6/16/10 at 10:14 am to kfizzle85
Posted on 6/16/10 at 10:14 am to kfizzle85
Yeah, the truth was that Paulson had no authority to make any plans for what the UST Department was going to be doing in 2010 and beyond, so he just sort of gave a vague outline of how he sorta of thought it could go.
I suppose he could have asked Congress to write legally binding mandates into law, but he didn't want to give up any flexibility since he really could only make rough guesses about the extent of what was coming.
I suppose he could have asked Congress to write legally binding mandates into law, but he didn't want to give up any flexibility since he really could only make rough guesses about the extent of what was coming.
1
Posted on 6/16/10 at 10:16 am to Doc Fenton
Of course, that's what politicians do best. Make up bullshite and hope people buy it long enough for them to GTFO. I'm so past jaded when it comes to politics its not even funny.
Posted on 6/16/10 at 10:58 am to kfizzle85
quote:
Of course, that's what politicians do best. Make up bullshite and hope people buy it long enough for them to GTFO. I'm so past jaded when it comes to politics its not even funny.
THIS, I gave up getting angry about a year ago. Nothing I can do about it, no reason to let it consume me.
Posted on 6/16/10 at 11:01 am to John Merlyn
Agreed, that's why I never go to the poliboard or watch any news channels. IDGAF, I am cognizant of their ability to frick everything up, so I just work around them.
Posted on 6/16/10 at 11:02 am to kfizzle85
Exactly the attitude you have to take. Don't even get me started on the people who think voting matters.
Posted on 6/16/10 at 11:25 am to kfizzle85
Such a sad amount of cynicism around here...
Posted on 6/16/10 at 11:26 am to Doc Fenton
Cynicism, realism, whatever you choose to call it. 
Posted on 6/16/10 at 6:22 pm to kfizzle85
Any news on when we will break even on the much larger gifts to Wall Street in the form of (1) ZIRP and (2) the trillions of Fed purchases of bank crap?
Posted on 6/16/10 at 7:04 pm to kfizzle85
quote:Which, beside JPM, were the relatively healthy institutions that received TARP?
I challenge either of you to make a legit case for that outside of JPM.
Posted on 6/16/10 at 7:07 pm to NC_Tigah
quote:PNC
Which, beside JPM, were the relatively healthy institutions that received TARP?
Posted on 6/16/10 at 7:08 pm to kfizzle85
quote:The Federal Reserve's balance sheet is pretty big, too, and it's not listed either.....
Fannie, Freddie delist from NYSE [LINK]
Delisted companies with $5 Trillion Balance Sheets.
Posted on 6/16/10 at 7:27 pm to LSURussian
quote:
The Federal Reserve's balance sheet is pretty big, too, and it's not listed either.....
Can you buy stock in the Fed?
Posted on 6/16/10 at 10:52 pm to LSURussian
quote:
The Federal Reserve's balance sheet is pretty big, too, and it's not listed either.....
Is it a publicly traded company? I'm not sure what you're getting at. FNM alone has the Fed beat by a factor of 2, regardless.
Posted on 6/22/10 at 9:49 am to kfizzle85
In December the taxpayers were going to earn a profit.
LINK
And now we are going to lose $105 billion.
LINK
These guys really are clueless.
quote:
Plans from Wells Fargo & Co and Citigroup to repay taxpayer funds will put the U.S. government on track to reduce its bailout investments in banks by more than 75 percent, while earning a healthy profit for the U.S., Treasury Secretary Timothy Geithner said on Monday.
LINK
And now we are going to lose $105 billion.
quote:
The controversial bailout fund is scheduled to expire at the end of this fiscal year, after which the government will only seek to exit from remaining investments, notably in AIG and General Motors. Geithner estimated that TARP would end up costing taxpayers $105 billion.
LINK
These guys really are clueless.
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