FUGWB!
So TARP was really just a big loan and the taxpayers have been paid back with a really good rate of return, right?
We know George we know.
TARP money was paid back
Dumbo’s GM gifts, yes plural,are not required to be paid back as we were told they would....just another DUMBO write off at our expense as the FED digs deeper and deeper
GW Go away enough!! The Tarp was BS let the system work.
TARP was the WORST thing he did as president, right there with his illegal alien amnesty plan. If he would have done those during his first term, I would have had a very difficult time voting for him again.
Absolutely lol...
I remember seeing the fear in this man’s eyes back in September 2008. It was genuine and it frightened me to see that it was there. Unfortunately what the man should have been fearing was those who were advising him. He should have surrounded himself with Austrians.
I'm glad to read this excerpt here, rather than have to suffer through Matt Laaaaauer or buy the book.
So, GWB's fuzzy math justifies TARP...that's a shame.
I’ll reserve judgement until I see GWB’s book sales up against Sarah’s. This country is on its knees begging for a leader. It ain’t another bush or establishment type. Do you hear me?
Sad.
Still, I'd take Bush's ignorance over Obama's focused evil in a heartbeat.
Still won’t control the border either.
Once a dork always a dork.... Karl wasnt his brain he stole his brain
How badly would the economy have tanked without tarp?
Anyone care to guess? How many people would have lost
a lot of their life savings, how many major banks would
have gone under when people started withdrawing their
money because they had lost confidence in the system?
How much worse would uenmployment have gotten? To what
level would the stock market have plummeted? Think the
stock market would be at 11,000 today had we not passed
TARP? Questions you may want to consider.
all dates, 2008
http://www.globalresearch.ca/index.php?context=va&aid=11236
July 30: President Bush signs a housing bill including $300 billion in new loan authority for the government to back cheaper mortgages for troubled homeowners.
Sept. 7: The Treasury takes over mortgage giants Fannie Mae and Freddie Mac, putting them into a conservatorship and pledging up to $200 billion to back their assets.
Sept. 16: The Fed injects $85 billion into the failing American International Group, one of the world’s largest insurance companies.
Sept. 16: The Fed pumps $70 billion more into the nation’s financial system to help ease credit stresses.
Sept. 19: The Treasury temporarily guarantees money market funds against losses up to $50 billion.
Oct. 3: President Bush signs the $700 billion economic bailout package. Treasury Secretary Henry Paulson says the money will be used to buy distressed mortgage-related securities from banks.
Oct. 6: The Fed increases a short-term loan program, saying it is boosting short-term lending to banks to $150 billion.
Oct. 7: The Fed says it will start buying unsecured short-term debt from companies, and says that up to $1.3 trillion of the debt may qualify for the program.
Oct. 8: The Fed agrees to lend AIG $37.8 billion more, bringing total to about $123 billion.
Oct. 14: The Treasury says it will use $250 billion of the $700 billion bailout to inject capital into the banks, with $125 billion provided to nine of the largest.
Oct. 14: The FDIC says it will temporarily guarantee up to a total of $1.4 trillion in loans between banks.
Oct. 21: The Fed says it will provide up to $540 billion in financing to provide liquidity for money market mutual funds.
Nov. 10: The Treasury and Fed replace the two loans provided to AIG with a $150 billion aid package that includes an infusion of $40 billion from the government’s bailout fund.
Nov. 12: Paulson says the government will not buy distressed mortgage-related assets, but instead will concentrate on injecting capital into banks.
Nov. 17: Treasury says it has provided $33.6 billion in capital to another 21 banks. So far, the government has invested $158.6 billion in 30 bank
This is why I don’t miss him.
This is why I don’t miss him.