Where'd the TARP money go?

Quote from WaveStrider:

I think Paulson wants the 2nd half of the TARP funds.

At this point, the fundamental question is:

Has he handled the 1st half responsibly enough to give him the 2nd half?

Easy "Yes" or "No" answer.

please define "responsible"
 
Let's see, we've got AIG giving $25 million a year to the Manchester United soccer team. This gets them the letters "AIG" on the front of their jerseys. The "Executive" meetings in Ireland and the spa in California.

Then we've got CITI, who gives $20 Million a year to the Mets to hang a sign outside their ballfield. Figure around 80 home games a year makes that out to be $250,000 a game. And they don't intend on cancelling the contract.

Our congressional leaders think it's perfectly appropriate to hand over $25 billion with no justification, and then not even be allowed to question where it went? Or even get some oversite of the books?
 
Quote from Ace:

Let's see, we've got AIG giving $25 million a year to the Manchester United soccer team. This gets them the letters "AIG" on the front of their jerseys. The "Executive" meetings in Ireland and the spa in California.

Then we've got CITI, who gives $20 Million a year to the Mets to hang a sign outside their ballfield. Figure around 80 home games a year makes that out to be $250,000 a game. And they don't intend on cancelling the contract.

Our congressional leaders think it's perfectly appropriate to hand over $25 billion with no justification, and then not even be allowed to question where it went? Or even get some oversite of the books?

Things like sports deals were signed before the meltdown that they did not see coming.

They are legally bound to fulfill those contracts.
 
Quote from WaveStrider:

Things like sports deals were signed before the meltdown that they did not see coming.

They are legally bound to fulfill those contracts.

So were the people that bought homes they couldn't afford and overextended themselves with credit....

But that didn't stop the gummint from saying they shouldn't have to fulfill their obligations because it "wasn't fair" and they "were in trouble".
 
Quote from Reaver:

You are absolutely correct. What is taking place now is a perfect example of fascism.

it's what i call 'novacain fascism'. they've gotten really good at taking what they want, as painlessly as possible (at least at the moment it's taken)

governemnt violence inspires resistance

peopel think as long as there arnt jack boots in the streets, with swasticas on the armbands, they're safe from fascism


but still, 700 billion stolen, against a 99 percent objection
 
Quote from WaveStrider:

Things like sports deals were signed before the meltdown that they did not see coming.

They are legally bound to fulfill those contracts.

they might be

but i'm not

yet, i'm the one paying

not them
 
Quote from TGregg:


Suppose you ran a small country. Then some a very rich man named Potter moves in after being kicked out of Bailey Park. He pays more taxes in his first year of being in your new country than any other suck. . .errr. . . taxpayer. Then he comes to you and wants to know where his dollars went. How could you tell which dollars came from him and which were from other taxpayers?

It's called a budget report. And yes, unless you wanted the rich man Potter to move out, you would definitely make sure you provide proper accounting of the tax dollars.
 
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