Bankruptcies rising. Fed answer? More debt.

[pknopp]

Lefties NEVER consider even the most likely results of the economic policies they promote because they don't understand economics.

Truer words were never spoken.

pk is concerned his portfolio will be adversely affected by a crash.

I'm concerned that the taxpayers will be responsible for bailing out Wall Street again.

TARP loans to Wall Street were hugely profitable.

No they weren't. You bought the lies. Tarp was paid back by other government programs like Harp.

Give Wall Street 5 billion. Tell them they have to pay it. Give them 5 billion more that they pay the first 5 billion with but there is no requirement to pay this money back.

That is what happened.

The “TARP is turning a profit” claim is hardly new. In the past, proponents have looked at the $211.5 billion repaid from the Capital Purchase Program (the first phase of TARP) on $204.9 billion loaned out and concluded that a nearly $7 billion profit was yielded. Mark Gongloff at the Huffington Post pointed out that the problem here isn’t inflation but the fact that nearly half of those funds were repaid with funds that come from loans from other government programs.

Overselling TARP: The Myth of the $15 Billion Profit | National Review

(to note, not a left leaning source)

No they weren't.

AIG...$5 billion.
BofA...$4.5 billion
Citigroup...$13.4 billion
JPMorgan...$1.7 billion
Wells Fargo...$2.2 billion
Goldman...$1.4 billion
Morgan Stanley...$1.2 billion

Etc. Etc. Etc.

I'm not sure what meaningless numbers have to do with anything I said. If I had to guess which is all I can do, they mean nothing.

 

[pknopp]

Here we go again.........I'm pro-life. I fully support the 2nd Amendment. I believe we need a balanced budget amendment. I am against the Socialism of the Federal Reserve. I fully understand the ramifications of not making money "free".

What makes me a leftist?

Was the Fed lending a lot of "free money" during the last 7 years of the Obama administration?

Yes. And his economic policies sucked.

How much? At what point in time?

It does not matter "how much", yours is a typical diversion attempt because you have nothing else.

It does not matter "how much"

If the Fed is lending $4 trillion at 0.25%, that's a big deal, if they're lending $4 million...….meh.

The facts are we really have no idea how much they "lent" around the world as no one is really keeping track or at least no one is verifying what is being done.

 

[Toddsterpatriot]

pk is concerned his portfolio will be adversely affected by a crash.

I'm concerned that the taxpayers will be responsible for bailing out Wall Street again.

TARP loans to Wall Street were hugely profitable.

No they weren't. You bought the lies. Tarp was paid back by other government programs like Harp.

Give Wall Street 5 billion. Tell them they have to pay it. Give them 5 billion more that they pay the first 5 billion with but there is no requirement to pay this money back.

That is what happened.

The “TARP is turning a profit” claim is hardly new. In the past, proponents have looked at the $211.5 billion repaid from the Capital Purchase Program (the first phase of TARP) on $204.9 billion loaned out and concluded that a nearly $7 billion profit was yielded. Mark Gongloff at the Huffington Post pointed out that the problem here isn’t inflation but the fact that nearly half of those funds were repaid with funds that come from loans from other government programs.

Overselling TARP: The Myth of the $15 Billion Profit | National Review

(to note, not a left leaning source)

No they weren't.

AIG...$5 billion.
BofA...$4.5 billion
Citigroup...$13.4 billion
JPMorgan...$1.7 billion
Wells Fargo...$2.2 billion
Goldman...$1.4 billion
Morgan Stanley...$1.2 billion

Etc. Etc. Etc.

I'm not sure what meaningless numbers have to do with anything I said. If I had to guess which is all I can do, they mean nothing.

You're worried taxpayers will have to bail out Wall Street. The TARP bailout of Wall Street made a huge profit.

 

[Toddsterpatriot]

Was the Fed lending a lot of "free money" during the last 7 years of the Obama administration?

Yes. And his economic policies sucked.

How much? At what point in time?

It does not matter "how much", yours is a typical diversion attempt because you have nothing else.

It does not matter "how much"

If the Fed is lending $4 trillion at 0.25%, that's a big deal, if they're lending $4 million...….meh.

The facts are we really have no idea how much they "lent" around the world as no one is really keeping track or at least no one is verifying what is being done.

You're wrong. Again. Their balance sheet shows the amount they lent.
The claim that they lent a lot of "free money" is just wrong.
After a few months of QE, the banks were lending the Fed huge amounts of (almost) free money.

 

[pknopp]

I'm concerned that the taxpayers will be responsible for bailing out Wall Street again.

TARP loans to Wall Street were hugely profitable.

No they weren't. You bought the lies. Tarp was paid back by other government programs like Harp.

Give Wall Street 5 billion. Tell them they have to pay it. Give them 5 billion more that they pay the first 5 billion with but there is no requirement to pay this money back.

That is what happened.

The “TARP is turning a profit” claim is hardly new. In the past, proponents have looked at the $211.5 billion repaid from the Capital Purchase Program (the first phase of TARP) on $204.9 billion loaned out and concluded that a nearly $7 billion profit was yielded. Mark Gongloff at the Huffington Post pointed out that the problem here isn’t inflation but the fact that nearly half of those funds were repaid with funds that come from loans from other government programs.

Overselling TARP: The Myth of the $15 Billion Profit | National Review

(to note, not a left leaning source)

No they weren't.

AIG...$5 billion.
BofA...$4.5 billion
Citigroup...$13.4 billion
JPMorgan...$1.7 billion
Wells Fargo...$2.2 billion
Goldman...$1.4 billion
Morgan Stanley...$1.2 billion

Etc. Etc. Etc.

I'm not sure what meaningless numbers have to do with anything I said. If I had to guess which is all I can do, they mean nothing.

You're worried taxpayers will have to bail out Wall Street. The TARP bailout of Wall Street made a huge profit.

Covered and ignored. I can not do anything about people like yourself that will ignore facts to promote their politics.

I respect people who have a different opinion than I do. I have no respect for those who either ignores facts or when they support what they complain about when the other guy does it.

 

[pknopp]

Yes. And his economic policies sucked.

How much? At what point in time?

It does not matter "how much", yours is a typical diversion attempt because you have nothing else.

It does not matter "how much"

If the Fed is lending $4 trillion at 0.25%, that's a big deal, if they're lending $4 million...….meh.

The facts are we really have no idea how much they "lent" around the world as no one is really keeping track or at least no one is verifying what is being done.

You're wrong. Again. Their balance sheet shows the amount they lent.
The claim that they lent a lot of "free money" is just wrong.
After a few months of QE, the banks were lending the Fed huge amounts of (almost) free money.

If that was true they would allow an independent audit.

 

[Toddsterpatriot]

TARP loans to Wall Street were hugely profitable.

No they weren't. You bought the lies. Tarp was paid back by other government programs like Harp.

Give Wall Street 5 billion. Tell them they have to pay it. Give them 5 billion more that they pay the first 5 billion with but there is no requirement to pay this money back.

That is what happened.

The “TARP is turning a profit” claim is hardly new. In the past, proponents have looked at the $211.5 billion repaid from the Capital Purchase Program (the first phase of TARP) on $204.9 billion loaned out and concluded that a nearly $7 billion profit was yielded. Mark Gongloff at the Huffington Post pointed out that the problem here isn’t inflation but the fact that nearly half of those funds were repaid with funds that come from loans from other government programs.

Overselling TARP: The Myth of the $15 Billion Profit | National Review

(to note, not a left leaning source)

No they weren't.

AIG...$5 billion.
BofA...$4.5 billion
Citigroup...$13.4 billion
JPMorgan...$1.7 billion
Wells Fargo...$2.2 billion
Goldman...$1.4 billion
Morgan Stanley...$1.2 billion

Etc. Etc. Etc.

I'm not sure what meaningless numbers have to do with anything I said. If I had to guess which is all I can do, they mean nothing.

You're worried taxpayers will have to bail out Wall Street. The TARP bailout of Wall Street made a huge profit.

Covered and ignored. I can not do anything about people like yourself that will ignore facts to promote their politics.

I respect people who have a different opinion than I do. I have no respect for those who either ignores facts or when they support what they complain about when the other guy does it.

The fact is the Wall Street bailout made money.
The parts of TARP that lost money were the auto bailouts and the mortgage giveaways to the middle class.

 

[Toddsterpatriot]

How much? At what point in time?

It does not matter "how much", yours is a typical diversion attempt because you have nothing else.

It does not matter "how much"

If the Fed is lending $4 trillion at 0.25%, that's a big deal, if they're lending $4 million...….meh.

The facts are we really have no idea how much they "lent" around the world as no one is really keeping track or at least no one is verifying what is being done.

You're wrong. Again. Their balance sheet shows the amount they lent.
The claim that they lent a lot of "free money" is just wrong.
After a few months of QE, the banks were lending the Fed huge amounts of (almost) free money.

If that was true they would allow an independent audit.

The Fed is audited every year.
Just because you don't understand what audit means doesn't mean they don't happen.

Here's 2018

Federal Reserve Board - Federal Reserve System Audited Annual Financial Statements

 

[pknopp]

No they weren't. You bought the lies. Tarp was paid back by other government programs like Harp.

Give Wall Street 5 billion. Tell them they have to pay it. Give them 5 billion more that they pay the first 5 billion with but there is no requirement to pay this money back.

That is what happened.

The “TARP is turning a profit” claim is hardly new. In the past, proponents have looked at the $211.5 billion repaid from the Capital Purchase Program (the first phase of TARP) on $204.9 billion loaned out and concluded that a nearly $7 billion profit was yielded. Mark Gongloff at the Huffington Post pointed out that the problem here isn’t inflation but the fact that nearly half of those funds were repaid with funds that come from loans from other government programs.

Overselling TARP: The Myth of the $15 Billion Profit | National Review

(to note, not a left leaning source)

No they weren't.

AIG...$5 billion.
BofA...$4.5 billion
Citigroup...$13.4 billion
JPMorgan...$1.7 billion
Wells Fargo...$2.2 billion
Goldman...$1.4 billion
Morgan Stanley...$1.2 billion

Etc. Etc. Etc.

I'm not sure what meaningless numbers have to do with anything I said. If I had to guess which is all I can do, they mean nothing.

You're worried taxpayers will have to bail out Wall Street. The TARP bailout of Wall Street made a huge profit.

Covered and ignored. I can not do anything about people like yourself that will ignore facts to promote their politics.

I respect people who have a different opinion than I do. I have no respect for those who either ignores facts or when they support what they complain about when the other guy does it.

The fact is the Wall Street bailout made money.
The parts of TARP that lost money were the auto bailouts and the mortgage giveaways to the middle class.

I posted verification that states otherwise. You bought the lies and the funny part, these lies were created by the Obama administration.

 

[Toddsterpatriot]

No they weren't.

AIG...$5 billion.
BofA...$4.5 billion
Citigroup...$13.4 billion
JPMorgan...$1.7 billion
Wells Fargo...$2.2 billion
Goldman...$1.4 billion
Morgan Stanley...$1.2 billion

Etc. Etc. Etc.

I'm not sure what meaningless numbers have to do with anything I said. If I had to guess which is all I can do, they mean nothing.

You're worried taxpayers will have to bail out Wall Street. The TARP bailout of Wall Street made a huge profit.

Covered and ignored. I can not do anything about people like yourself that will ignore facts to promote their politics.

I respect people who have a different opinion than I do. I have no respect for those who either ignores facts or when they support what they complain about when the other guy does it.

The fact is the Wall Street bailout made money.
The parts of TARP that lost money were the auto bailouts and the mortgage giveaways to the middle class.

I posted verification that states otherwise. You bought the lies and the funny part, these lies were created by the Obama administration.

I posted verification that states otherwise.

Meh, not so much.
Look around this liberal site.

Bailout List: Banks, Auto Companies, and More | Eye on the Bailout | ProPublica

Lots of good numbers here.

 

[pknopp]

It does not matter "how much", yours is a typical diversion attempt because you have nothing else.

It does not matter "how much"

If the Fed is lending $4 trillion at 0.25%, that's a big deal, if they're lending $4 million...….meh.

The facts are we really have no idea how much they "lent" around the world as no one is really keeping track or at least no one is verifying what is being done.

You're wrong. Again. Their balance sheet shows the amount they lent.
The claim that they lent a lot of "free money" is just wrong.
After a few months of QE, the banks were lending the Fed huge amounts of (almost) free money.

If that was true they would allow an independent audit.

The Fed is audited every year.
Just because you don't understand what audit means doesn't mean they don't happen.

Here's 2018

Federal Reserve Board - Federal Reserve System Audited Annual Financial Statements

.............. the Federal Reserve Transparency Act (H.R. 459), which will force the Federal Reserve Bank to open its books to independent auditors for the first time.

DeFazio Fights for First Ever Audit of the Federal Reserve *Video and Audio Available*

 

[pknopp]

I'm not sure what meaningless numbers have to do with anything I said. If I had to guess which is all I can do, they mean nothing.

You're worried taxpayers will have to bail out Wall Street. The TARP bailout of Wall Street made a huge profit.

Covered and ignored. I can not do anything about people like yourself that will ignore facts to promote their politics.

I respect people who have a different opinion than I do. I have no respect for those who either ignores facts or when they support what they complain about when the other guy does it.

The fact is the Wall Street bailout made money.
The parts of TARP that lost money were the auto bailouts and the mortgage giveaways to the middle class.

I posted verification that states otherwise. You bought the lies and the funny part, these lies were created by the Obama administration.

I posted verification that states otherwise.

Meh, not so much.
Look around this liberal site.

Bailout List: Banks, Auto Companies, and More | Eye on the Bailout | ProPublica

Lots of good numbers here.

Nowhere in the list is the other money the government gave the banks/wall street such as HARP.

We were told that we made money on the auto manufacturers also until we found out we didn't.

 

[Indeependent]

And when higher rates cause the economy to slow and jobs to be lost our Pknopps will whine about that. The Fed's job is to regulate the money supply to keep growth ahead of inflation. They seem to be doing pretty well.

Lefties NEVER consider even the most likely results of the economic policies they promote because they don't understand economics.

Lefties NEVER consider even the most likely results of the economic policies they promote because they don't understand economics.

Truer words were never spoken.

pk is concerned his portfolio will be adversely affected by a crash.

I'm concerned that the taxpayers will be responsible for bailing out Wall Street again.

TARP loans to Wall Street were hugely profitable.

No they weren't. You bought the lies. Tarp was paid back by other government programs like Harp.

Give Wall Street 5 billion. Tell them they have to pay it. Give them 5 billion more that they pay the first 5 billion with but there is no requirement to pay this money back.

That is what happened.

The “TARP is turning a profit” claim is hardly new. In the past, proponents have looked at the $211.5 billion repaid from the Capital Purchase Program (the first phase of TARP) on $204.9 billion loaned out and concluded that a nearly $7 billion profit was yielded. Mark Gongloff at the Huffington Post pointed out that the problem here isn’t inflation but the fact that nearly half of those funds were repaid with funds that come from loans from other government programs.

Overselling TARP: The Myth of the $15 Billion Profit | National Review

(to note, not a left leaning source)

It’s the usual Conservative, “Gee, I could have made even more money if only...”, opinion piece.

 

[pknopp]

Lefties NEVER consider even the most likely results of the economic policies they promote because they don't understand economics.

Truer words were never spoken.

pk is concerned his portfolio will be adversely affected by a crash.

I'm concerned that the taxpayers will be responsible for bailing out Wall Street again.

TARP loans to Wall Street were hugely profitable.

No they weren't. You bought the lies. Tarp was paid back by other government programs like Harp.

Give Wall Street 5 billion. Tell them they have to pay it. Give them 5 billion more that they pay the first 5 billion with but there is no requirement to pay this money back.

That is what happened.

The “TARP is turning a profit” claim is hardly new. In the past, proponents have looked at the $211.5 billion repaid from the Capital Purchase Program (the first phase of TARP) on $204.9 billion loaned out and concluded that a nearly $7 billion profit was yielded. Mark Gongloff at the Huffington Post pointed out that the problem here isn’t inflation but the fact that nearly half of those funds were repaid with funds that come from loans from other government programs.

Overselling TARP: The Myth of the $15 Billion Profit | National Review

(to note, not a left leaning source)

It’s the usual Conservative, “Gee, I could have made even more money if only...”, opinion piece.

That's an interesting spin. It's a Conservative site that uses in part research by the "left".

 

[Toddsterpatriot]

It does not matter "how much"

If the Fed is lending $4 trillion at 0.25%, that's a big deal, if they're lending $4 million...….meh.

The facts are we really have no idea how much they "lent" around the world as no one is really keeping track or at least no one is verifying what is being done.

You're wrong. Again. Their balance sheet shows the amount they lent.
The claim that they lent a lot of "free money" is just wrong.
After a few months of QE, the banks were lending the Fed huge amounts of (almost) free money.

If that was true they would allow an independent audit.

The Fed is audited every year.
Just because you don't understand what audit means doesn't mean they don't happen.

Here's 2018

Federal Reserve Board - Federal Reserve System Audited Annual Financial Statements

.............. the Federal Reserve Transparency Act (H.R. 459), which will force the Federal Reserve Bank to open its books to independent auditors for the first time.

DeFazio Fights for First Ever Audit of the Federal Reserve *Video and Audio Available*

Wait, you've posted proof that a Congressman is ignorant of the facts?

I'll bet that's the first time that ever happened...….LOL!

 

[Indeependent]

pk is concerned his portfolio will be adversely affected by a crash.

I'm concerned that the taxpayers will be responsible for bailing out Wall Street again.

TARP loans to Wall Street were hugely profitable.

No they weren't. You bought the lies. Tarp was paid back by other government programs like Harp.

Give Wall Street 5 billion. Tell them they have to pay it. Give them 5 billion more that they pay the first 5 billion with but there is no requirement to pay this money back.

That is what happened.

The “TARP is turning a profit” claim is hardly new. In the past, proponents have looked at the $211.5 billion repaid from the Capital Purchase Program (the first phase of TARP) on $204.9 billion loaned out and concluded that a nearly $7 billion profit was yielded. Mark Gongloff at the Huffington Post pointed out that the problem here isn’t inflation but the fact that nearly half of those funds were repaid with funds that come from loans from other government programs.

Overselling TARP: The Myth of the $15 Billion Profit | National Review

(to note, not a left leaning source)

It’s the usual Conservative, “Gee, I could have made even more money if only...”, opinion piece.

That's an interesting spin. It's a Conservative site that uses in part research by the "left".

It’s a Conservative site that has as much credence for me as a Progressive site.
I read the entire opinion piece.

 

[pknopp]

The facts are we really have no idea how much they "lent" around the world as no one is really keeping track or at least no one is verifying what is being done.

You're wrong. Again. Their balance sheet shows the amount they lent.
The claim that they lent a lot of "free money" is just wrong.
After a few months of QE, the banks were lending the Fed huge amounts of (almost) free money.

If that was true they would allow an independent audit.

The Fed is audited every year.
Just because you don't understand what audit means doesn't mean they don't happen.

Here's 2018

Federal Reserve Board - Federal Reserve System Audited Annual Financial Statements

.............. the Federal Reserve Transparency Act (H.R. 459), which will force the Federal Reserve Bank to open its books to independent auditors for the first time.

DeFazio Fights for First Ever Audit of the Federal Reserve *Video and Audio Available*

Wait, you've posted proof that a Congressman is ignorant of the facts?

I'll bet that's the first time that ever happened...….LOL!

Seems to be a bipartisan ignorance.

American taxpayers deserve an audit of the Federal Reserve

 

[pknopp]

I'm concerned that the taxpayers will be responsible for bailing out Wall Street again.

TARP loans to Wall Street were hugely profitable.

No they weren't. You bought the lies. Tarp was paid back by other government programs like Harp.

Give Wall Street 5 billion. Tell them they have to pay it. Give them 5 billion more that they pay the first 5 billion with but there is no requirement to pay this money back.

That is what happened.

The “TARP is turning a profit” claim is hardly new. In the past, proponents have looked at the $211.5 billion repaid from the Capital Purchase Program (the first phase of TARP) on $204.9 billion loaned out and concluded that a nearly $7 billion profit was yielded. Mark Gongloff at the Huffington Post pointed out that the problem here isn’t inflation but the fact that nearly half of those funds were repaid with funds that come from loans from other government programs.

Overselling TARP: The Myth of the $15 Billion Profit | National Review

(to note, not a left leaning source)

It’s the usual Conservative, “Gee, I could have made even more money if only...”, opinion piece.

That's an interesting spin. It's a Conservative site that uses in part research by the "left".

It’s a Conservative site that has as much credence for me as a Progressive site.
I read the entire opinion piece.

I understand......if it doesn't fit your argument it holds no sway on you.

 

[Indeependent]

TARP loans to Wall Street were hugely profitable.

No they weren't. You bought the lies. Tarp was paid back by other government programs like Harp.

Give Wall Street 5 billion. Tell them they have to pay it. Give them 5 billion more that they pay the first 5 billion with but there is no requirement to pay this money back.

That is what happened.

The “TARP is turning a profit” claim is hardly new. In the past, proponents have looked at the $211.5 billion repaid from the Capital Purchase Program (the first phase of TARP) on $204.9 billion loaned out and concluded that a nearly $7 billion profit was yielded. Mark Gongloff at the Huffington Post pointed out that the problem here isn’t inflation but the fact that nearly half of those funds were repaid with funds that come from loans from other government programs.

Overselling TARP: The Myth of the $15 Billion Profit | National Review

(to note, not a left leaning source)

It’s the usual Conservative, “Gee, I could have made even more money if only...”, opinion piece.

That's an interesting spin. It's a Conservative site that uses in part research by the "left".

It’s a Conservative site that has as much credence for me as a Progressive site.
I read the entire opinion piece.

I understand......if it doesn't fit your argument it holds no sway on you.

Not at all; I’m not an ideologue.
Both sides are insane.
I have already stated what the article concludes...the money could have earned better returns.

 

[Toddsterpatriot]

You're worried taxpayers will have to bail out Wall Street. The TARP bailout of Wall Street made a huge profit.

Covered and ignored. I can not do anything about people like yourself that will ignore facts to promote their politics.

I respect people who have a different opinion than I do. I have no respect for those who either ignores facts or when they support what they complain about when the other guy does it.

The fact is the Wall Street bailout made money.
The parts of TARP that lost money were the auto bailouts and the mortgage giveaways to the middle class.

I posted verification that states otherwise. You bought the lies and the funny part, these lies were created by the Obama administration.

I posted verification that states otherwise.

Meh, not so much.
Look around this liberal site.

Bailout List: Banks, Auto Companies, and More | Eye on the Bailout | ProPublica

Lots of good numbers here.

Nowhere in the list is the other money the government gave the banks/wall street such as HARP.

We were told that we made money on the auto manufacturers also until we found out we didn't.

Nowhere in the list is the other money the government gave the banks/wall street such as HARP.

Look in that list for anything with mortgage in the description.

Here's a better list.

Eye on the Bailout | ProPublica

Click the arrows next to Profit/Net Outstanding.

If you see money disbursed and zero returned...chances are that's the HARP money losses.
Silly to blame giveaways to homeowners on "Wall Street didn't pay back the bailout".

See? Except for CIT Group, legit loss on a loan to a bank, GM and Chrysler, auto losses,
all these losses are for money handed out for mortgages.