1 posted on
06/12/2010 2:27:43 AM PDT by
CutePuppy
To: CutePuppy
Treasury's sale of 1.5 billion shares of Citigroup stock that provided gross proceeds of $6.18 billion helped the
Department surpass the outstanding balance. Dimocraps Ponzi scheme...
I am convinced that the banks are playing the stock markets and artificially generating "profits" which they use to "pay back"...
2 posted on
06/12/2010 2:35:18 AM PDT by
WVKayaker
( Ridicule is the best test of truth. - Philip Dormer Shanhope, Lord Chesterfield)
To: CutePuppy
Misleading headline. It tries to imply that repayment has exceeded the amount borrowed, when actually, repayment has just passed the halfway point. Considering many banks were coerced into taking TARP funds by our corrupt government, I don’t think that this “milestone” means much of anything.
5 posted on
06/12/2010 2:59:10 AM PDT by
meyer
(Big government is the enemy of freedom.)
To: CutePuppy
every repayment of TARP reduces the “Bush deficit” that was “inherited” by zerO
6 posted on
06/12/2010 3:00:01 AM PDT by
silverleaf
(Every time history repeats itself the price goes up)
To: CutePuppy
Well if they are trying to spin this as a good thing then the credit goes to GEORGE BUSH as he took all the blame.
8 posted on
06/12/2010 3:01:08 AM PDT by
blueyon
(The U. S. Constitution - read it and weep)
To: CutePuppy
so, who’s pockets is that going into?
10 posted on
06/12/2010 3:12:23 AM PDT by
SF_Redux
To: CutePuppy
Not smart enough for this—where are they getting the money from?
13 posted on
06/12/2010 3:16:58 AM PDT by
skr
(May God confound the enemy)
To: CutePuppy
Hmmmmm... TARP worked, and Stimulus failed. That means: Bush = success; Obama = failure. I'm sure glad Pelosi has committed to “stop blaming Bush when the problems go away.”
15 posted on
06/12/2010 3:21:47 AM PDT by
norwaypinesavage
(Galileo: In science, the authority of a thousand is not worth the humble reasoning of one individual)
To: CutePuppy
TARP should have been ended the moment the immediate crisis had passed. If AIG had collapsed it would have taken other firms with it; it had tentacles everywhere. However, once that crisis was averted TARP should have been ended. Having a multi-hundred billion dollar slush fund lying around the Executive Branch was wrong. Congress alone is empowered to authorize expenditures. This was an abdication of its duties under the Constitution.
Shocker, the current president abused it. Hard to believe, I know.
17 posted on
06/12/2010 3:27:35 AM PDT by
Dilbert56
(Harry Reid, D-Nev.: "We're going to pick up Senate seats as a result of this war.")
To: CutePuppy
So what! This means nothing! So the receipts coming back exceed the remaining TARP balance, what is the big deal?
20 posted on
06/12/2010 3:30:45 AM PDT by
rawhide
To: CutePuppy
Right, just like 0bambi Motors repaid their loan early.
23 posted on
06/12/2010 3:37:13 AM PDT by
NTHockey
(Rules of engagement #1: Take no prisoners)
To: CutePuppy
Congress must move to forbid any further spending or transfer of funds from TARP or the stimulus money and apply it to the national debt - pronto!!
39 posted on
06/12/2010 5:23:35 AM PDT by
elpadre
(AfganistaMr Obama said the goal was to "disrupt, dismantle and defeat al-Qaeda" and its allies.)
To: CutePuppy
Every saver is paying for this at least twice. First, because of the Fed’s manipulation of interest rates, the banks are able to raise huge amounts of money by investing in the carry trade. Savers are subjected to ZIRP (zero interest rate policy) while the money centers use these trapped funds to buy T-Bonds yielding about 4%. Of course, the downside of this is that if and when rates rise, the banks will experience huge capital losses on the T-Bond holdings.
So, this is a peculiar case of double dipping: We taxpayers pay now, AND we pay later.
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