Statistical
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Wed Jul-28-10 02:17 PM
Response to Reply #79 |
| 99. 1) nothing was given. 2) discrecionary spending has not been reduced. |
| -Wall St bill speeds TARP wind down - thank you Obama, Frank and Dodd |
jpak |
Jul-28-10 11:24 AM |
#0 |
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Is this good or bad? |
Skink |
Jul-28-10 11:27 AM |
#1 |
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It's good |
jpak |
Jul-28-10 11:30 AM |
#5 |
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How does this resolve the issues that got us into this mess in the first place? |
Subdivisions |
Jul-28-10 11:28 AM |
#2 |
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TARP saved the US and global financial systems from collapse |
jpak |
Jul-28-10 11:33 AM |
#6 |
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You are still dodging mark-to-market. Oh well. n/t |
Subdivisions |
Jul-28-10 11:35 AM |
#7 |
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I'm saying TARP worked - it did - and the financial reform bill will wind it down - sorreeee! |
jpak |
Jul-28-10 11:38 AM |
#8 |
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What happens when TARP runs out? That is what you are not getting. Sorreeeee! TARP |
Subdivisions |
Jul-28-10 11:39 AM |
#9 |
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umm....most of the original $700 billion allocated is not needed |
jpak |
Jul-28-10 11:49 AM |
#14 |
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We'll see. Thread bookmarked. I'm out - for now. n/t |
Subdivisions |
Jul-28-10 11:50 AM |
#15 |
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see ya! |
jpak |
Jul-28-10 11:51 AM |
#17 |
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Save the financial system, or prevent big banks from failing? How, again, is the system now saved? |
Leopolds Ghost |
Jul-28-10 01:34 PM |
#68 |
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What faulty premise makes you think mark to market isn't in effect? n/t |
Statistical |
Jul-28-10 11:41 AM |
#10 |
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Because mark-to-market was SUSPENDED by the SEC. But, once |
Subdivisions |
Jul-28-10 11:43 AM |
#11 |
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Once again what faulty premise makes you think mark to market was suspended? |
Statistical |
Jul-28-10 11:44 AM |
#12 |
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Is it or is it not suspended? n/t |
Subdivisions |
Jul-28-10 11:49 AM |
#13 |
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No and it never was. |
Statistical |
Jul-28-10 11:50 AM |
#16 |
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Alrighty then. Score one for Paulson and bush. Looks like I have some brushing-up to do. n/t |
Subdivisions |
Jul-28-10 11:54 AM |
#18 |
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So what about all of the assets that the Fed purchased? |
Cant trust em |
Jul-28-10 12:11 PM |
#33 |
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Yes. |
Statistical |
Jul-28-10 12:21 PM |
#41 |
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Any chance that those toxic assets can be reevaluated at some point and resold? |
Cant trust em |
Jul-28-10 12:30 PM |
#51 |
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Certainly could. |
Statistical |
Jul-28-10 12:36 PM |
#56 |
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It's amazing that the fed bought up billions of dollars in assets |
Cant trust em |
Jul-28-10 12:44 PM |
#61 |
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It also shows why paying down the debt is next to useless. |
Statistical |
Jul-28-10 01:17 PM |
#64 |
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And yet all that $700 B (what little of it we get back) will be applied to debt reduction. |
Leopolds Ghost |
Jul-28-10 01:43 PM |
#71 |
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Isn't there something to be said though for slowly decreasing the deficit |
Cant trust em |
Jul-28-10 01:47 PM |
#74 |
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Yes I would agree with that. |
Statistical |
Jul-28-10 02:13 PM |
#96 |
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I totally agree. |
Cant trust em |
Jul-28-10 02:15 PM |
#97 |
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I will remember that one. It is better fit. n/t |
Statistical |
Jul-28-10 02:18 PM |
#100 |
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Wrong |
Sgent |
Jul-28-10 01:59 PM |
#87 |
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I stand corrected. Seems kinda strange though. |
Statistical |
Jul-28-10 02:11 PM |
#94 |
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TARP made toxic assets go away and banks become solvent? |
Oregone |
Jul-28-10 11:57 AM |
#19 |
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According to the other posters, the answer is TRUE. No more worries, mate. It looks like |
Subdivisions |
Jul-28-10 11:58 AM |
#20 |
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Hurray! |
Oregone |
Jul-28-10 12:01 PM |
#23 |
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Not true. |
Statistical |
Jul-28-10 12:02 PM |
#25 |
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I defer to your experience and knowledge. Thanks for the explanation. There are |
Subdivisions |
Jul-28-10 12:05 PM |
#27 |
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Well there is some truth to that. |
Statistical |
Jul-28-10 12:15 PM |
#36 |
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No, it helps. I may be misguided and slightly behind in events, but I |
Subdivisions |
Jul-28-10 12:19 PM |
#39 |
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thank you |
jpak |
Jul-28-10 12:10 PM |
#32 |
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"as dead assets are written off" |
Oregone |
Jul-28-10 12:13 PM |
#34 |
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No. TARP allowed the banks to stay alive long enough for the banks to absorb their own losses. |
Statistical |
Jul-28-10 12:18 PM |
#38 |
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This is another reason that the recession has been kicking my ass. |
Cant trust em |
Jul-28-10 01:42 PM |
#70 |
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What inflation? There is none - and TARP and the Stimulus prevented *deflation* |
jpak |
Jul-28-10 01:54 PM |
#80 |
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Typo. That should have read recession, not inflation. nt |
Cant trust em |
Jul-28-10 01:55 PM |
#83 |
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OK |
jpak |
Jul-28-10 01:56 PM |
#84 |
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Inflation was recalculated by Clinton in the 90s to include *computing power* |
Leopolds Ghost |
Jul-28-10 01:58 PM |
#85 |
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Meh. |
Statistical |
Jul-28-10 02:07 PM |
#90 |
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And that yield curve is inherently usurious and, from the 1770s until the 70's, illegal. |
Leopolds Ghost |
Jul-28-10 01:55 PM |
#81 |
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TARP is the wet blanket of this administration. |
Cant trust em |
Jul-28-10 11:28 AM |
#3 |
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Fortunately not this part |
zipplewrath |
Jul-28-10 11:29 AM |
#4 |
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"Repayment of TARP investments, about $200 billion to date, must be dedicated to reducing U.S. debt" |
Leopolds Ghost |
Jul-28-10 11:58 AM |
#21 |
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Ouchy |
Oregone |
Jul-28-10 12:02 PM |
#24 |
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It was not "given away" - it has to be paid back - and $200 billion already has been |
jpak |
Jul-28-10 12:04 PM |
#26 |
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TARP didn't reducing spending. |
Statistical |
Jul-28-10 12:07 PM |
#29 |
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If a bank is holding a house that they loaned $600,000 on and on which |
Subdivisions |
Jul-28-10 12:14 PM |
#35 |
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They don't. |
Statistical |
Jul-28-10 12:25 PM |
#43 |
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So, what's the bottom line. Banks gambled and lost. Who picked up the tab? n/t |
Subdivisions |
Jul-28-10 12:28 PM |
#48 |
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Everyone? |
Statistical |
Jul-28-10 12:32 PM |
#52 |
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And yet, discretionary spending is being slashed at all levels. |
Leopolds Ghost |
Jul-28-10 01:21 PM |
#65 |
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Where? |
Statistical |
Jul-28-10 01:24 PM |
#66 |
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Every single local gov't is slashing EVERYTHING. Feds are promising not to make up difference |
Leopolds Ghost |
Jul-28-10 01:42 PM |
#69 |
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Using TARP repayments on the national debt is basically putting it right back where it came from. |
phleshdef |
Jul-28-10 02:03 PM |
#88 |
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Might as well recommend this. |
Skink |
Jul-28-10 12:00 PM |
#22 |
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Same here. I learned something today. =) n/t |
Subdivisions |
Jul-28-10 12:07 PM |
#28 |
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K&R for a learning experience. n/t |
Subdivisions |
Jul-28-10 12:08 PM |
#30 |
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I agree. It's really refreshing to have a substantive conversation on DU. |
Cant trust em |
Jul-28-10 01:49 PM |
#77 |
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I wish someone would dig out all the comments from GOPers and others who insisted TARP would fail.. |
DCBob |
Jul-28-10 12:08 PM |
#31 |
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How is this a success? People who think spending $700B on Wall St & debt reduction sound like Reagan |
Leopolds Ghost |
Jul-28-10 01:33 PM |
#67 |
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And, other than a small percentage of people that pay attention, no one will ever know. |
Lochloosa |
Jul-28-10 12:17 PM |
#37 |
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This story was posted July 21st - so your sarcasm is right on target |
jpak |
Jul-28-10 12:22 PM |
#42 |
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Why are you thanking President Obama? TARP was a bush measure, was it not? n/t |
Subdivisions |
Jul-28-10 12:21 PM |
#40 |
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I think he was thanking him for the Finacial Reg. Bill that passed under Obama |
Lochloosa |
Jul-28-10 12:26 PM |
#44 |
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But that law has done nothing yet. It was only just signed last week. n/t |
Subdivisions |
Jul-28-10 12:26 PM |
#45 |
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ugh |
jpak |
Jul-28-10 12:28 PM |
#49 |
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Thanks....saved me the time. |
Lochloosa |
Jul-28-10 12:56 PM |
#63 |
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Senator Obama voted for it |
jpak |
Jul-28-10 12:27 PM |
#46 |
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But bush gets the score on TARP, right? n/t |
Subdivisions |
Jul-28-10 12:29 PM |
#50 |
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No - Bush gets the full fucking EPIC FAIL that made TARP necessary in the first place |
jpak |
Jul-28-10 12:33 PM |
#53 |
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Oh, I thought that would be Clinton and Greenspan. My bad. n/t |
Subdivisions |
Jul-28-10 12:35 PM |
#55 |
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Yeah blame Clinton for the best econony in my lifetime and a budget surplus |
jpak |
Jul-28-10 12:39 PM |
#58 |
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Who repealed Glass-Steagall? Anyway, I was being fecitious as |
Subdivisions |
Jul-28-10 12:42 PM |
#60 |
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Who sponsored the bill that repealed Glas-Steagal? |
jpak |
Jul-28-10 12:46 PM |
#62 |
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Yeah give it to Bush.. it was only smart thing he did in 8 years. |
DCBob |
Jul-28-10 12:34 PM |
#54 |
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Also I doubt Bush had much insight. |
Statistical |
Jul-28-10 12:37 PM |
#57 |
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Ha! No doubt.. |
DCBob |
Jul-28-10 12:39 PM |
#59 |
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It's always smart to give money to Wall St, never inherently wasteful & immoral like, welfare moms. |
Leopolds Ghost |
Jul-28-10 01:46 PM |
#73 |
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It was a fucking loan. Loaning != Giving. |
phleshdef |
Jul-28-10 02:06 PM |
#89 |
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I guess seeing Paulson soiling himself and Bernanke rocking quietly in a fetal position... |
MilesColtrane |
Jul-28-10 03:03 PM |
#102 |
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Senator Obama voted for it |
jpak |
Jul-28-10 12:27 PM |
#47 |
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Obama also voted for FISA, and a number of other Bush measures. |
Leopolds Ghost |
Jul-28-10 01:49 PM |
#76 |
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Yeah Obama = Bush blah blah blah |
jpak |
Jul-28-10 03:29 PM |
#103 |
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You need to be clearer in your OP: Specifically, which part of this can we use to bash Obama? |
Warren DeMontague |
Jul-28-10 01:44 PM |
#72 |
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I love how the article uses typical propaganda technique to assert that a Bush program is "working" |
Leopolds Ghost |
Jul-28-10 01:48 PM |
#75 |
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Breaking: Economists Say Intervention Prevented a Depression |
jpak |
Jul-28-10 02:10 PM |
#93 |
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Yeah, and big pharma conspiracy corporo-fascist "doctors" say polio vaccines prevent polio. |
Warren DeMontague |
Jul-28-10 02:15 PM |
#98 |
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That's why they prevented the development of polio vaccine until AFTER FDR got it |
jpak |
Jul-28-10 02:25 PM |
#101 |
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If the entire financial system had collapsed in late 2008, we would have had a serious problem |
Warren DeMontague |
Jul-28-10 02:11 PM |
#95 |
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Ridiculous distraction. Bankster Bailouts are in Trillions and ungoing. |
inna |
Jul-28-10 01:51 PM |
#78 |
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wrong |
jpak |
Jul-28-10 01:55 PM |
#82 |
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Yeh, Wall Street is not getting anything for free! |
Leopolds Ghost |
Jul-28-10 01:59 PM |
#86 |
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You are right - the Banksters have to pay back their TARP loans with interest 5-10% |
jpak |
Jul-28-10 02:08 PM |
#91 |
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no, you enjoy your fantasy. good bye. |
inna |
Jul-28-10 02:09 PM |
#92 |
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See, what you guys are ignoring is the inherent immorality of giving $700 B to Wall Street |
Leopolds Ghost |
Jul-28-10 01:52 PM |
#79 |
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1) nothing was given. 2) discrecionary spending has not been reduced. |
Statistical |
Jul-28-10 02:17 PM |
#99 |
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