[blam]

Happy Days Are Here Again!

[HarleyD]

Yeah, right. These numbers are as true as the labor statistics or any other number coming from this administration. I also heard how the housing market is roaring back as well.

[silverleaf]

Can we also BLAME BUSH (err, thank Bush) and subtract the AIG loans now repaid (with interest) from the “mess” inherited by lil’ Barry?

[elkfersupper]

Surely, this piece is satirical.

[Fledermaus]

They sold it to the Chinese.

[DannyTN]

• They were right to do Tarp and stop the banking liquidity crisis.
• But they were wrong to assume Bank reserves didn't matter. The reason they had to do Tarp is that the bank reserve ratio was down to an effective rate of 1%.
• They were also wrong to repeal Glass Steagall and let banks engage in riskier behavior.
• And they were wrong to let banks balance their risk with credit default swaps issued overseas by an unregulated AIG.

• They were right to suggest a stimulus plan to combat a stalled economy.
• They were wrong to spend the money on things other than infrastructure, wasting much of it on cronyism, and more of it on expansion of government.
• They were also wrong to bake it into the budget baseline after selling it as a one time event.
• They were also wrong to roll out a stimulus plan without fixing the structural issues in the economy. Especially free trade with low cost countries that has resulted in high U.S. unemployment.

[GeronL]

so delusional

[Graewoulf]

Duh, does this prove that Government can spend it’s way to prosperity?

[Gen-X-Dad]

Short term business press promotes that the FED and Wall St. insiders were right in saving the system they imploded by creating trillions of dollars out of thin air and loaning it to themselves at 0% in exchange for assets marked to market that are worth nothing, at which they stuck future taxpayers with by privatizing their profits and socializing their losses.

Meanwhile every financial curve tied to debt has exploded exponentially and they have no more suckers to milk with this ponzi scheme which will eventually implode. In order to keep it stable they have to pump 90 billion dollars a month into Wall St., but hey these guys have saved us all. What a load of crap.

If you want to see someone who actually saved themselves from this never ending ponzi financing, look at how Iceland handled the situation. It didn’t involve rewarding the guys who blew up the system, it did involve cutting their losses and taking their medicine.

[stylin19a]

The U.S. Treasury this morning rid itself of the last piece of exposure it had to AIG, ...

not true...they still hold warrants worth 22 million.