Posted on 10/06/2016 7:45:54 AM PDT by HarleyLady27
https://imgur.com/CYQKb4P.jpg
Thank you...
You just know the same thing was done, in spades, with the almost 1 trillion dollar stimulus bill.
I want my (our) money back...
Was there none sent to Repub PACs??? I’m not apt to believing RINO’s didn’t take advantage...
Another okaie doke on Bushy- the fool!
I’m told over and over again by the Bankster apologists here on FR that we’ve been repaid with interest.
Absolutely. $71 billion profit and counting....
https://projects.propublica.org/bailout/list
The corrupt administration did direct fines from banks and other firms, in part, to left wing allies.
See? Socialism works!
Letting your banking system collapse is a bad idea though.
Well, that we can agree on. But an even worse idea is letting your banks stay so big that they'll have to be bailed out again.
The price tag for the Wall Street bailout is popularly put at $700 billion—---the actual size of TARP--the Troubled Assets Relief Program. But TARP is just the best known program in an array of more than 30 overseen by Treasury Department and Federal Reserve that have paid out or put aside untraceable money to bail out financial firms and inject money into the markets.
To get a sense of the size of the real $14 trillion bailout, see MJ chart at web site. A guide to the pieces of the puzzle includes massive untraceable Treasury Department bailout programs.
Money Market Mutual Fund: In September 2008, the Treasury controlled by Obama/Emanuel announced that it would insure the holdings of publicly offered money market mutual funds. According to the Special Inspector General for the Troubled Asset Relief Program (SIGTARP), these guarantees could have potentially cost the federal government more than $3 trillion [PDF].
Public-Private Investment Fund: This joint Treasury-Federal Reserve program bought toxic assets from banks and brokerages—as much as $5 billion of assets per firm. According to SIGTARP, the government's potential exposure from the PPIF is between $500 million and $1 trillion [PDF].
TARP: As part of the Troubled Asset Relief Program, the Treasury controlled by Obama/Emanuel made loans to or investments more than 750 banks and financial institutions. $650 billion has been paid out (not including HAMP; see below). As of December 21, 2009, $117.5 billion of that has been repaid.
Government-sponsored enterprise (GSE) stock purchase: The Treasury controlled by Obama/Emanuel bought $200 million in preferred stock from Fannie Mae and another $200 million from Freddie Mac [PDF] to show that they "will remain viable entities critical to the functioning of the housing and mortgage markets."
GSE mortgage-backed securities purchase: Under the Housing and Economic Recovery Act of 2008, the Treasury controlled by Obama/Emanuel may buy mortgage-backed securities from Fannie Mae and Freddie Mac. According to SIGTARP, these purchases could cost as much as $314 billion ---SNIP---.
LONG READ---go to web site to read more and checkout the shocking financial charts.
SOURCE http://motherjones.com/politics/2009/12/behind-real-size-bailout
Where does this idea come from that bigger is more dangerous and smaller is safer?
One of the best things they did. Helped ease the panic.
these guarantees could have potentially cost the federal government more than $3 trillion [PDF].
Yes. How much did they actually cost?
SOURCE http://motherjones.com/politics/2009/12
December 2009? You have anything a little fresher?
Of course the updated stuff, the stuff that shows the actual costs, and profits, isn't as frightening.
There’s nothing to update.
The M/J Dec 2009 article exposes the govt lies——written at the time Obama was telling us “it’s only 700 million dollars.”
So much of the bailout is “missing.”
Obama sent 18 billion to NJ as Dem gov Corzine sought reelection.
But nobody knows where that money went.
Sure there is....could cost the government up to......
Almost 7 years later....how much did it cost?
So much of the bailout is “missing.”
So much of the Obama "stimulus" is missing. TARP and Fed actions.....not so much.
You can bet it was...right into the pockets of the Clintons and BO’B .
Ask Uncle Joe, who claimed to own the responsibility to keep track of every single dime flowing into and out. These ‘folks’ have nothing better to do than plan further adventures on how to screw the honest, hard working AMERICAN taxpayer. They are coming to the end of that road, soon.
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