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TARP
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JadeRose Offline
#1 Posted: Tue, Nov 9 2010, 7:47 PM EST
Joined: 05-15-2008
Posts: 19,525
http://www.mefeedia.com/news/33574211


Dubbya's legacy
HockeyDad Offline
#2 Posted: Tue, Nov 9 2010, 10:00 PM EST
Joined: 09-20-2000
Posts: 46,213
Oh look.......Jade posted a political thread.
JadeRose Offline
#3 Posted: Tue, Nov 9 2010, 10:19 PM EST
Joined: 05-15-2008
Posts: 19,525
HockeyDad wrote:
Oh look.......Jade posted a political thread.


[1. Author: JadeRose Date: 04/01/2010 05:51 PM Reply
I’m done.....I will no longer post in any of that bull****. I’ve never seen this board be less fun. I freely admit I was part of the problem..now I will part of the solution. Anyone want to join me?
dpnewell Offline
#4 Posted: Tue, Nov 9 2010, 10:24 PM EST
Joined: 03-16-2009
Posts: 7,491
^So what you are saying, O Blue, Weird One, is that you are not a creature of your word? Why doesn’t that shock me?
JadeRose Offline
#5 Posted: Tue, Nov 9 2010, 10:31 PM EST
Joined: 05-15-2008
Posts: 19,525
dpnewell wrote:
^So what you are saying, O Blue, Weird One, is that you are not a creature of your word? Why doesn’t that shock me?



Naw...I just decided that it's more fun to pick on the handicapped.
jackconrad Offline
#6 Posted: Tue, Nov 9 2010, 10:37 PM EST
Joined: 06-09-2003
Posts: 67,461
(0(0)
(=..’=)
(")(") You rang..
donutboy2000 Offline
#7 Posted: Wed, Nov 10 2010, 12:10 AM EST
Joined: 11-20-2001
Posts: 25,000
JadeRose wrote:
[1. Author: JadeRose Date: 04/01/2010 05:51 PM Reply
I’m done.....I will no longer post in any of that bull****. I’ve never seen this board be less fun. I freely admit I was part of the problem..now I will part of the solution. Anyone want to join me?



Yet another Lefty talking out of both sides of his mouth.
RICKAMAVEN Offline
#8 Posted: Wed, Nov 10 2010, 3:42 AM EST
Joined: 10-01-2000
Posts: 33,248
donutboy2000

and another right wing-nut talking our of both sides of his a s s
DrMaddVibe Offline
#9 Posted: Wed, Nov 10 2010, 8:11 AM EST
Joined: 10-21-2000
Posts: 55,633
RICKAMAVEN wrote:
donutboy2000

and another right wing-nut talking our of both sides of his a s s


If you'd pull your head out of it, I'm sure he'd talk right down the middle of it but with your oblong melon obstructing his colon he has to talk out of both sides. You're hogging up all the room. At least your tiny ears are warm though!
DrMaddVibe Offline
#10 Posted: Wed, Nov 10 2010, 8:18 AM EST
Joined: 10-21-2000
Posts: 55,633
JadeRose wrote:
http://www.mefeedia.com/news/33574211


Dubbya's legacy


Obama's could've included repealing it, but instead he decided to triple down and takeover companies, ramming flawed legislation down our throats and ruling from on high like he's King Louis the XVI with total indignation, the audacity of arrogance and the impunity of a spoiled rotten little brat that's never heard the word "No" or played outside with other children!

You're free to post up Bush's "legacy" as you see it, but trust me when I tell you that 43's legacy will be a much better read that Obama's when historians go back and review them. Your man Obama is making damn sure he's a one termer. You know it too. Any party right now could run a sack of potatoes as their candidate and win against him. America despises what he is doing and the last election cycle was a TOTAL repudiation of his administration and his legacy.
ZRX1200 Offline
#11 Posted: Wed, Nov 10 2010, 4:49 PM EST
Joined: 07-08-2007
Posts: 60,682
IIRC Bush consulted BHO as this was on the cusp of the transition. And I believe BHO encouraged him, certainly didn't mind doubling and tripling down either (as stated above). Bush to me is what D's used to be when I was a kid. BHO is a marxist.
teedubbya Offline
#12 Posted: Wed, Nov 10 2010, 5:27 PM EST
Joined: 08-14-2003
Posts: 95,637
ZRX1200 wrote:
IIRC Bush consulted BHO as this was on the cusp of the transition. And I believe BHO encouraged him, certainly didn't mind doubling and tripling down either (as stated above). Bush to me is what D's used to be when I was a kid. BHO is a marxist.



LMAO I thought folks were supposed to be responsible for their own actions.
RICKAMAVEN Offline
#13 Posted: Wed, Nov 10 2010, 10:12 PM EST
Joined: 10-01-2000
Posts: 33,248
DrMaddVib #10

"trust me"


i'm looking with a telescope and i can't see one pig
flying, but i'll let you know and i will cosign for your next
used car when i see one.
RICKAMAVEN Offline
#14 Posted: Wed, Nov 10 2010, 10:17 PM EST
Joined: 10-01-2000
Posts: 33,248
mdev

how often do you get a new broom at work?
RICKAMAVEN Offline
#15 Posted: Wed, Nov 10 2010, 10:29 PM EST
Joined: 10-01-2000
Posts: 33,248
JadeRose

don't let the bastards get you down or run you out of town i've been here from when "fortunate son" was bought out by the family to bury the book, and i'm still intact and so are they.

i've watched the black sheep of the family snuck into office by way of florida, and given a second term by way of ohio.

i even watched him squirm when matt laur interviewed him repeating the same old BS . rare is the man in prison who is guilty, and rarer still is the psychopath that thinks he did anything wrong.

and rarer yet are the dogmatic children of the corn who will ever learn anything .

it may not be nice, but some times teasing the mentally challanged, can be amusing
wheelrite Offline
#16 Posted: Wed, Nov 10 2010, 10:37 PM EST
Joined: 11-01-2006
Posts: 50,119
Rick you've been cranky as of late..

Either last weeks election is bothering you or your catheter is clogged...
ZRX1200 Offline
#17 Posted: Wed, Nov 10 2010, 10:49 PM EST
Joined: 07-08-2007
Posts: 60,682
Teedubya, I don't disagree that he brought it foward and signed it. No doubt. I just get tired of people beating the 43 dead horse when we have had the same effing thing happen twice with the current GD administration. GWB isn't bending us over right now bro......He had his turn and did well himself.

This idea that Bush did tarp and its horrible (....it was...) But not mentioning or outright ignoring BHO actions is dishonest or ignorant. Whichever shoe fits.

If were only going to dislike actions taken by parties we don't like but sweep em under the GD rug when the good guys do the same thing then STFU. Bad actions and decisions have the same result no matter who makes them.
JadeRose Offline
#18 Posted: Thu, Nov 11 2010, 6:35 AM EST
Joined: 05-15-2008
Posts: 19,525
RICKAMAVEN wrote:
JadeRose

don't let the bastards get you down or run you out of town i've been here from when "fortunate son" was bought out by the family to bury the book, and i'm still intact and so are they.

i've watched the black sheep of the family snuck into office by way of florida, and given a second term by way of ohio.

i even watched him squirm when matt laur interviewed him repeating the same old BS . rare is the man in prison who is guilty, and rarer still is the psychopath that thinks he did anything wrong.

and rarer yet are the dogmatic children of the corn who will ever learn anything .

it may not be nice, but some times teasing the mentally challanged, can be amusing



I'm not going anywhere Rick. I love tossing these little posts out there with no commentary whatsoever and just watch it all roll in. Being called a lefty, etc.....just for posting a link. It always makes me laugh.
HockeyDad Offline
#19 Posted: Thu, Nov 11 2010, 6:45 AM EST
Joined: 09-20-2000
Posts: 46,213
JadeRose wrote:
I'm not going anywhere Rick. I love tossing these little posts out there with no commentary whatsoever and just watch it all roll in. Being called a lefty, etc.....just for posting a link. It always makes me laugh.




I've been here longer than Rick so I can tell you that being Rickamaven Jr will eventually lead to insanity as it did with him. Being a troll with a bitter axe to grind still requires a price to be paid.
DrMaddVibe Offline
#20 Posted: Thu, Nov 11 2010, 7:59 AM EST
Joined: 10-21-2000
Posts: 55,633
RICKAMAVEN wrote:
DrMaddVib #10

"trust me"


i'm looking with a telescope and i can't see one pig
flying, but i'll let you know and i will cosign for your next
used car when i see one.


Try cleaning the lens Pigpen!

PS: Save your money for your VS samplers!
DrMaddVibe Offline
#21 Posted: Thu, Nov 11 2010, 8:03 AM EST
Joined: 10-21-2000
Posts: 55,633
HockeyDad wrote:
I've been here longer than Rick so I can tell you that being Rickamaven Jr will eventually lead to insanity as it did with him. Being a troll with a bitter axe to grind still requires a price to be paid.



Being a doormat for a cigar forum doesn't count as payment either!
Lumpa Offline
#22 Posted: Thu, Nov 11 2010, 10:08 AM EST
Joined: 03-04-2009
Posts: 377
Um.

I am a consultant in the banking industry, advising community banks.

TARP was intended to prevent an utter collapse of the financial foundations of America, which was a real possibility due to the ridiculous amount of worthless paper backed by squatters not just allowed but encouraged by Barney Frank and his boyfriend, Herb Moses, at FNMA.

Say 12 of the 20 largest financial institutions in America had failed, accross brokerage houses, big banks, mutual fund firms, the works.
It could have caused a ripple that would simply eliminate essentially ALL financial institutions, at least for the short term.
Then what? What do you do when your ATM card no longer works because your bank, who was doing just fine, cannot get cash because there is none available in the system.
Or even scarier, what does your neighbor do? And if you happen to have cash, well prices just went WAY up!

Did that happen?
No. IT WORKED!

And before TARP is completely done, it will at the very least be close to break even, and I would bet it shows a profit.
And that's just counting it against what the same amount of money would have made in bonds or other reasonably safe market instruments.
It does not consider the potential negatives that were averted.
All told, TARP may well be the most successfull, effective governemt program ever!
Assuming Obama does not try to tax his sheeple more to "pay" for something that is actually showing a profit.
Well, OK there may be a small problem there.

And banks that were smart enough to do their research and buy SELECTED mortgage securities two years ago are making a KILLING now!
As usual, the market over-reacted, and painted everything with a broad brush that should have applied to only a small portion.
gringococolo Offline
#23 Posted: Thu, Nov 11 2010, 10:24 AM EST
Joined: 02-04-2006
Posts: 4,626
From Wiki. The truth.


The Troubled Asset Relief Program, commonly referred to as TARP, is a program of the United States government to purchase assets and equity from financial institutions to strengthen its financial sector which was signed into law by U.S. President George W. Bush on October 3, 2008. It is the largest component of the government's measures in 2008 to address the subprime mortgage crisis.

Originally expected to cost the U.S. Government $356 billion, the most recent final net estimate of the cost, as of October 5, 2010, will be close to $30 billion, including expected returns from interest in AIG.[1] This is significantly less than the taxpayers' cost of the savings and loan crisis of the late 1980s. The cost of that crisis amounted to 3.2% of GDP during the Reagan/Bush era, while the GDP percentage of the current crisis' cost is estimated at less than 1%.[2] While it was once feared the government would be holding companies like GM, AIG and Citigroup for several years, those companies are preparing to buy back the Treasury's stake and emerge from TARP within a year.[3] Of the $245 billion invested in U.S. banks, over $169 billion has been paid back, including $13.7 billion in dividends, interest and other income, along with $4 billion in warrant proceeds as of April 2010. AIG is considered "on track" to pay back $51 billion from divestitures of two units and another $32 billion in securities.[2] In March 2010, GM repaid more than $2 billion to the U.S. and Canadian governments and on April 21 GM announced the entire loan portion of the U.S. and Canadian governments' investments had been paid back in full, with interest, for a total of $8.1 billion.[4] This was, however, subject to contention because it was argued that the automaker simply shuffled federal bailout funds to pay back taxpayers.[5]




TARP. OK. Stimulus bill. Not OK.
snowwolf777 Offline
#24 Posted: Thu, Nov 11 2010, 11:14 AM EST
Joined: 06-03-2000
Posts: 4,082
You can argue for eternity whether TARP should have been done or not. But the fact remains it will be break-even or showing a profit sooner than later. A drop in the bucket compared to El Presidente Bobblehead's Porkulus Stimulus monster for the mythical "shovel ready" projects. A black hole of earmarks where they can't even track where all the money went. And no return on investment for the taxpayer money squandered.

d'oh!

donutboy2000 Offline
#25 Posted: Fri, Nov 19 2010, 1:36 AM EST
Joined: 11-20-2001
Posts: 25,000
JadeRose wrote:
I'm not going anywhere Rick. I love tossing these little posts out there with no commentary whatsoever and just watch it all roll in. Being called a lefty, etc.....just for posting a link. It always makes me laugh.



You keep posting those Marxist talking points and you will continue to earn the Lefty moniker.

Is your house dusty?
jpotts Offline
#26 Posted: Sun, Nov 21 2010, 11:56 PM EST
Joined: 06-14-2006
Posts: 28,811
JadeRose wrote:
I'm not going anywhere Rick. I love tossing these little posts out there with no commentary whatsoever and just watch it all roll in. Being called a lefty, etc.....just for posting a link. It always makes me laugh.



If the shoe fits...



...by the way, want a banana?
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