Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: CutePuppy

So what did Bush and Congress give them 700 billion dollars for back in 2008?

Looks like it all went in their pockets. The American tax payer robbed once again by the banks


5 posted on 02/24/2015 5:26:55 PM PST by MadIsh32 (In order to be pro-market, sometimes you must be anti-big business)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: MadIsh32
So what did Bush and Congress give them 700 billion dollars for back in 2008?

If you mean $700B of credit facilities authorized under TARP, then only about $450B maximum was loaned out maximum at any given time (though more in total as some loans were made after some earlier ones have been repaid), and everything has been repaid to the Treasury and Fed, with interest, though not every borrower repaid the money... i.e., TARP well paid for itself and helped save the economy from downward credit spiral.

By contrast, EU and ECB tried to do something similar in fits and starts, late and on the cheap, and they are still in much deeper trouble. Though they do not have the same centralized structural economic advantage that the US has.

7 posted on 02/24/2015 5:53:10 PM PST by CutePuppy (If you don't ask the right questions you may not get the right answers)
[ Post Reply | Private Reply | To 5 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson