TARP for Automakers - Not Legally Permissible

fucking TARP wasnt even constitutional in the first place

where in the constitution is the taxpayer obligated to pay off wall street's gambling debts?
 
Quote from swtrader:

fucking TARP wasnt even constitutional in the first place

where in the constitution is the taxpayer obligated to pay off wall street's gambling debts?
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Wall Street the Fed the Treasuary, they are all the same. Steal from the masses, get rich.
 
If Germany currently has any subs, it's possible he's a 35 year old U-Boat commander. If not, he'd have to be pushing 100 by now. :cool:
 
Quote from Aaron Copland:

Wall Street the Fed the Treasuary, they are all the same. Steal from the masses, get rich.
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and guess who the new Treasury secreatry is?

how people can get sucked in by Obama, is beyond me

even his detracters are fooled

Obama is business as usual, without skipping a beat

a change of bus drivers to hell, that's it
 
Senator Ensign is on CNBC right now talking about the use of TARP for an auto bailout. He's saying that he doesn't think they can use TARP for an auto bail out. I told you, this story is not over.
 
"(9) TROUBLED ASSETS.—The term ‘‘troubled assets’’ means— (A) residential or commercial mortgages and any securities, obligations, or other instruments that are based on or related to such mortgages, that in each case was originated or issued on or before March 14, 2008, the purchase of which the Secretary determines promotes financial market stability;

and (B) any other financial instrument that the Secretary, after consultation with the Chairman of the Board of Governors of the Federal Reserve System, determines the purchase of which is necessary to promote financial market stability, but only upon transmittal of such determination, in writing, to the appropriate committees of Congress."
 
Quote from Daal:

and (B) any other financial instrument that the Secretary, after consultation with the Chairman of the Board of Governors of the Federal Reserve System, determines the purchase of which is necessary to promote financial market stability, but only upon transmittal of such determination, in writing, to the appropriate committees of Congress."
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Thank You.
 
Quote from Daal:

"(9) TROUBLED ASSETS.—The term ‘‘troubled assets’’ means— (A) residential or commercial mortgages and any securities, obligations, or other instruments that are based on or related to such mortgages, that in each case was originated or issued on or before March 14, 2008, the purchase of which the Secretary determines promotes financial market stability;

and (B) any other financial instrument that the Secretary, after consultation with the Chairman of the Board of Governors of the Federal Reserve System, determines the purchase of which is necessary to promote financial market stability, but only upon transmittal of such determination, in writing, to the appropriate committees of Congress."
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Yes, any security from a "Financial Institution".
 
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