Wry Catcher
Diamond Member
- Banned
- #161
How so..............I posted a FEDERAL DOCUMENT.............ordered by a Supreme Court Ruling.................GAO Fed Investigation | Dodd–Frank Wall Street Reform And Consumer Protection Act | Federal Reserve SystemTARP was a smoke screen to cover the back door BS at the Federal Reserve..........and the money was handed out by both Bush and Obama..........mostly to their buddies and lobbyists interests.
A spin framed in bullshit ^^^ and, ONE MORE EXAMPLE OF MENDACITY BY A MEMBER OF THE VAST RIGHT WING PURVEYORS OF PROPAGANDA!!!
"The Troubled Asset Relief Program (TARP) is a program of the United States government to purchase toxic assets and equity from financial institutions to strengthen its financial sector that was signed into law by President George W. Bush on October 3, 2008. It was a component of the government's measures in 2008 to address the subprime mortgage crisis.
"The TARP program originally authorized expenditures of $700 billion. The Emergency Economic Stabilization Act of 2008 created the TARP program. The Dodd–Frank Wall Street Reform and Consumer Protection Act, signed into law in 2010, reduced the amount authorized to $475 billion. By October 11, 2012, the Congressional Budget Office (CBO) stated that total disbursements would be $431 billion, and estimated the total cost, including grants for mortgage programs that have not yet been made, would be $24 billion.[1] On December 19, 2014, the U.S. Treasury sold its remaining holdings of Ally Financial, essentially ending the program. TARP recovered funds totalling $441.7 billion from $426.4 billion invested.[2]"
Troubled Asset Relief Program - Wikipedia
forced by a Supreme Court decision under the Freedom of Information Act...........blocked by Bush and Obama...........
LOL, nice effort to deflect; baffle 'em with bullshit won't work. You're a damn liar and posting a non sequitur proves it.
How is that a lie......................Get money from the Back door of the Federal Reserve.........pay off loans from TARP with it.........then claim a profit.......to the tax payers......
LOL
Q. How much of the invasion and occupation of Iraq funded by the "Back Door"?
Let's be real:
"When the US invaded Iraq in March 2003, the Bush administration estimated that it would cost $50-60bn to overthrow Saddam Hussein and establish a functioning government. This estimate was catastrophically wrong: the war in Iraq has cost $823.2bn between 2003 and 2011. Some estimates suggesting that it may eventually cost as much as $3.7tn when factoring in the long-term costs of caring for the wounded and the families of those killed."
How the US public was defrauded by the hidden cost of the Iraq war | Michael Boyle
Which had greater benefits and which had a huge cost defict!