You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login

Reply #32: Except that the OP describes it so badly [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
bhikkhu Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-11-10 09:57 PM
Response to Reply #30
32. Except that the OP describes it so badly
...seriously, the whole thing is about overnight loans made during the credit freeze-ups before and after inauguration. If you followed the economic news at the time you knew it was going on, it was widely reported on and debated over, and eventually it worked out very well - the short term loans prevented large scale bank failures and were all repaid, with interest. The whole program was at a considerable risk due to the sums involved and the uncertainty of the times, but its close to a final accounting and seems to have done better than broken even - at no actual cost to taxpayers.
Printer Friendly | Permalink | Reply | Top

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC