Subprime crisis explained [How Heidi and her bar caused the 2008 global economic crash]

Toronto Sun ^ | 2011-11-19 | Lorrie Goldstein

[Volunteer]

THIS was great! I am going to use this example.

[ArmstedFragg]

The key to good drunk-blogging is to pick a phrase most likely to be heard. With these dudes, “unexpected” is a lead pipe cinch.

[ArmstedFragg]

...and the part where the government limits the percentage of non-broke drunks she can “sell” to...

[steveab]

They left out the roll of IGA that we bailed out.

[USFRIENDINVICTORIA]

“Screw that — I’d like to buy them a drink!”

Buy us all a drink. Just put it on the tab.

[org.whodat]

Hell of a lot of truth here, send a thank you not to Phil Gramm.

[org.whodat]

LOL, show me the day the repayment reduced the debt, and actually aig still owes trillions, as does the banks of Europe as does gm. Open the books, and show everyone, get little Timmy to show the books.

[org.whodat]

And the hundreds of billion given to Freddie and fanny, when do we get that back.

[Pollster1]

Fortunately, they repaid the loans from TARP at a profit to the Treasury.

Even if true, making a profit on inappropriate government loans would not justify the initial unconstitutional action. And can you provide a link to support that claim, not that we made a profit on some TARP loans, but that we made a profit overall on TARP? Personally, I hope every Stimulus,TARP, and Bailout company goes bankrupt, and I am boycotting them all forever to contribute to that worthy goal. If they disappear, the jobs and business will flow to more honest companies, so it won't hurt our economy, but it will hurt the crooks who accepted taxpayer dollars in a manner that was certainly immoral and would have been illegal if not for the disgusting actions of Congress (in response to the generous political donations from TARP companies!).

[Toddsterpatriot]

LOL, show me the day the repayment reduced the debt

LOL, find it yourself.

and actually aig still owes trillions

Actually, AIG still owes the Treasury about $50 billion.

as does the banks of Europe

TARP didn't go to any European banks.

as does gm

Yes, TARP for banks was profitable. TARP for the auto unions will lose billions.

[Toddsterpatriot]

Fannie and Freddie will cost billions. Tens of billions. Probably over $100 billion.

[Toddsterpatriot]

And can you provide a link to support that claim, not that we made a profit on some TARP loans, but that we made a profit overall on TARP?

I can't because we won't.

Personally, I hope every Stimulus,TARP, and Bailout company goes bankrupt, and I am boycotting them all forever to contribute to that worthy goal.

Good for you. Here's a list.

http://projects.propublica.org/bailout/list