pknopp
Diamond Member
- Jul 22, 2019
- 71,453
- 27,640
For god's sake...it wasn't HARP! Why do you keep trying to claim that it was?You said that banks used HARP funds to repay TARP loans. I'm still waiting for you to show proof of that ever happening.Love to see you back up your claim that HARP money was used to repay TARP loans! Care to share?When you refer to trillions being pumped into the markets are you talking about investors that buy into securities...or are you talking about something like TARP? If you ARE referring to TARP kindly explain why it was wrong to "bail out" large financial institutions when those institutions ended up repaying the money that was loaned to them along with interest?Can't answer the question...can you, Pknopp? Does it ever bother you that you're SO ignorant about so many things? Or do you just soldier on and pretend that you DO have a clue?Do you even know what Wall Street's function is, Pknopp? Or is it just another "symbol" to you?What does Wall Street have ANYTHING to do with a bunch of progressive morons taking over a few square blocks of a city and declaring it THEIRS? Talk about getting "off topic"?This is like Wall Street? Did you just make that analogy? Go have another cup of coffee and wake up! You need a "mulligan" this morning!The longer this farce goes on the worse it's going to be for the Mayor because she's the one who signed off on letting it happen in the first place! You think those idiots won't screw things up? They're progressives! They don't have a clue how things work in the real world! Unless someone is taking care of them...providing them with electricity, water and trash removal for free...that entire "zone" is going to be uninhabitable in a matter of weeks! If I were Trump I'd simply state it's Seattle's problem. You broke it! You fix it! Let the rest of the country see what we've got in store for us if we ever let the left wing of the Democratic Party run things!Trump has always been all talk and no action. How did his promise to go out and arrest a million illegals go?
He will call the mayor a few names in a tweet and his followers will be happy.
Kinda like Wall Street. We have been providing for them for decades now. How about we quit and see how well they do on their own?
We have been funding Wall Street for years. That it shoots down the arguments that we have a capitalistic economic system doesn't change that fact.
The complaint was that they wanted things supplied to them. Just like Wall Street is always begging for.
What it's function was supposed to be is not what it is now. I can only guess that you are defending the trillions we have pumped into it but want to condemn others for asking for the basics.
LOL.........my answer was accurate. Why have we had to pump trillions into the markets? Is that how it's supposed to work? In Capitalism we are supposed to bail out failed entities?
This gets so old. They did not repay it.
They got Tarp. Then the politicians passed HARP. HARP was supposed to go to the homeowners but it didn't. The banks used it to "repay" TARP.
This isn't specific to TARP but it wasn't just TARP. I understand there is a paywall but you can still get the general gist.
WASHINGTON—A number of small banks used $2.1 billion in government cash intended to boost small-business lending to repay bailout funds from the financial crisis, a government watchdog said Tuesday in a report that also concluded the banks lent less money than firms that didn't take bailout aid.
Among the 332 banks participating in a small-business lending program run by the U.S. Treasury, 137 used more than half of about $4 billion disbursed by the program to help fund their exits from the Troubled Asset Relief Program, according...
Lenders Used Aid to Repay TARP
You do note that GM failed to pay their loans back. What they did pay back consisted of taxpayer money also.
Repaying Taxpayers With Their Own Cash
“So it’s good news in that they’re reducing their debt,” Mr. Barofsky said of G.M. But he went on to note that G.M. was using other taxpayer money to make the loan repayment, according to the transcript of his testimony.
There is a start. I'll have to find other links but this stuff is getting old and buried.
HARP was not a small business program! It was a Federal program designed to help homeowners! Stop trying to pull shit out of your ass...it's just making you look more ignorant than you already were!
As for GM? I already told you that one of the only TARP loans not repaid was the one Barack Obama made to GM.
I didn't say it was a small business program. You know what I said and pointed out.
Banks Repaid Fed Bailout With Other Fed Money: Government Report
Neat Trick: Banks Repay Taxpayers With Taxpayer Money
I'm still looking but the fact that I've shown is that TARP was not paid back like we were told. Banks used other taxpayer funded programs to pay it back, just as my links note. Be it HARP or something else.
The entire thing was a scam on taxpayers.
As for TARP? It was paid back with interest. All except the GM loan that Barry used to bail out his buddies in the UAW!
I showed it wasn't. It was paid back in part by other programs funded by taxpayers. Links provided. You (and all of us) were scammed.