Bailout Panel Highlights Treasury Contradictions

http://dealbook.nytimes.com/2011/01/13/bailout-panel-underlines-treasurys-contradictions/ ^ | January 13, 2011 | CHRIS V. NICHOLSON

[Rabin]

In a report released on Thursday, former Senator Ted Kaufman, head of the bipartisan Congressional Oversight Panel, said the Treasury Department’s sale of General Motors shares — at 26 percent below the price needed to recover taxpayer assets in full — may have been premature, locking in billions of dollars in losses,

[Rabin]

The Dodd-Frank fix is in. It ony gets uglier from here onward.

[FromLori]

Taxpayers get screwed all the way around...

Trillions here

Agency Mortgage-Backed Securities (MBS) Purchase Program

http://www.federalreserve.gov/newsevents/reform_mbs.htm

Unlimited credit for GSEs seen as backdoor bailout

http://www.reuters.com/article/idUSTRE6044YU20100105

More here

“Pro Publica has been maintaining a list of bailout recipients, updating the amount lent versus what was repaid.

So far, 938 Recipients have had $607,822,512,238 dollars committed to them, with $553,918,968,267 disbursed. Of that $554b disbursed, less than half — $220,782,546,084 — has been returned.”

Whenever you hear pronunciations of how much money the TARP is making, check back and look at this list. It shows the TARP is deeply underwater.

http://bailout.propublica.org/list

http://www.zerohedge.com/article/no-big-banks-have-not-paid-back-government-bailouts-and-subsidies

[Rabin]

Lori

“FromLori to Rabin” links are excellent indeed. Thank you so much.

Rabin

[FromLori]

Your Welcome :)