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Reply #1: My objection was not to the bailout itself, but the way it was managed [View All]

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bluestateguy Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-18-09 03:41 AM
Response to Original message
1. My objection was not to the bailout itself, but the way it was managed
No accountability, no limits on bonuses and CEO pay with any teeth, no mandate that the banks expand lending, etc.
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  -U.S. Sees $4B From Bailed Out Banks: Report ecstatic  Oct-18-09 03:37 AM   #0 
  - My objection was not to the bailout itself, but the way it was managed  bluestateguy   Oct-18-09 03:41 AM   #1 
  - Worst of all, nothing to prevent this from happening again.  SemiCharmedQuark   Oct-18-09 03:42 AM   #2 
  - Yes I'm still furious  AllentownJake   Oct-18-09 04:19 AM   #3 
  - We're not taking losses from the rest  HamdenRice   Oct-18-09 06:44 AM   #6 
  - So we gave them 1.6 trillion and our return is currently 4 billion?  Rex   Oct-18-09 04:21 AM   #4 
  - From the banks that have repaid the money so far, we have  ecstatic   Oct-18-09 09:16 AM   #11 
  - "profits"? loan $700 B, get back less = "profits"?  Hannah Bell   Oct-18-09 05:15 AM   #5 
  - You're now an expert in accounting, you should be able to figure this out!  HamdenRice   Oct-18-09 07:34 AM   #8 
     - You're stalking me, Hampton.  Hannah Bell   Oct-18-09 01:02 PM   #16 
        - Whether he's stalking you or not, he's right and you're wrong. n/t  Cessna Invesco Palin   Oct-18-09 01:03 PM   #17 
           - total TARP funds out vs. $$ returned = ????  Hannah Bell   Oct-18-09 01:07 PM   #18 
  - Wait a minute.  fasttense   Oct-18-09 07:03 AM   #7 
  - I consider how those banks can afford to repay so quickly.  AndyA   Oct-18-09 08:47 AM   #9 
  - Many of the banks did not want or need a bailout nt  ecstatic   Oct-18-09 09:18 AM   #12 
     - But a lot of them did.  AndyA   Oct-18-09 12:59 PM   #15 
  - It's not counted as profit until we get our "investment" back. $696B to go. n/t  rucky   Oct-18-09 08:49 AM   #10 
  - Not quite. The amount returned (as of August) was around 70b  ecstatic   Oct-18-09 09:21 AM   #13 
  - after a cup of coffee.  rucky   Oct-18-09 09:28 AM   #14 
  - let me know when the full $700 B is paid back, let alone the interest.  Hannah Bell   Oct-18-09 03:53 PM   #19 
  - The entire amount authorized for TARP was never used  HamdenRice   Oct-19-09 06:20 AM   #20 
  - I guess the govt should have bought out the banks, we'd all be rich!  tomm2thumbs   Oct-19-09 06:36 AM   #21 
  - Not this nonsense again.  girl gone mad   Oct-19-09 07:36 AM   #22 
 

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