TARP has made a profit of $57.7 billion..

[healthmyths]

A stupid comment made even by some ignorant conservatives was "Bush spent like a drunken sailor" and blamed Bush for bailout of the banks,etc. i.e. TARP.

Obviously most of the ignorant people were unaware of this event:
On Thursday (Sept 18), at 11am the Federal Reserve noticed a tremendous draw-down of money market accounts in the U.S., to the tune of $550 billion was being drawn out in the matter of an hour or two. The Treasury ...estimation is that by 2pm that afternoon, $5.5 trillion would have been drawn out of the money market system of the U.S., would have collapsed the entire economy of the U.S., and within 24 hours the world economy would have collapsed. It would have been the end of our economic system and our political system as we know it.
Index of blog

Now.. WHAT HAPPENED to TARP the program that Bush has been blamed for?
Bailout Scorecard Eye on the Bailout ProPublica
$615 billion went out
$672 Billion came in...

ALL PAID BACK...
PLUS A PROFIT of: $57.7 billion...

 

[Sonny Clark]

A stupid comment made even by some ignorant conservatives was "Bush spent like a drunken sailor" and blamed Bush for bailout of the banks,etc. i.e. TARP.

Obviously most of the ignorant people were unaware of this event:
On Thursday (Sept 18), at 11am the Federal Reserve noticed a tremendous draw-down of money market accounts in the U.S., to the tune of $550 billion was being drawn out in the matter of an hour or two. The Treasury ...estimation is that by 2pm that afternoon, $5.5 trillion would have been drawn out of the money market system of the U.S., would have collapsed the entire economy of the U.S., and within 24 hours the world economy would have collapsed. It would have been the end of our economic system and our political system as we know it.
Index of blog

Now.. WHAT HAPPENED to TARP the program that Bush has been blamed for?
Bailout Scorecard Eye on the Bailout ProPublica
$615 billion went out
$672 Billion came in...

ALL PAID BACK...
PLUS A PROFIT of: $57.7 billion...

View attachment 45760

Please re-check your numbers for AIG. Did they really pay all of it back?

 

[healthmyths]

A stupid comment made even by some ignorant conservatives was "Bush spent like a drunken sailor" and blamed Bush for bailout of the banks,etc. i.e. TARP.

Obviously most of the ignorant people were unaware of this event:
On Thursday (Sept 18), at 11am the Federal Reserve noticed a tremendous draw-down of money market accounts in the U.S., to the tune of $550 billion was being drawn out in the matter of an hour or two. The Treasury ...estimation is that by 2pm that afternoon, $5.5 trillion would have been drawn out of the money market system of the U.S., would have collapsed the entire economy of the U.S., and within 24 hours the world economy would have collapsed. It would have been the end of our economic system and our political system as we know it.
Index of blog

Now.. WHAT HAPPENED to TARP the program that Bush has been blamed for?
Bailout Scorecard Eye on the Bailout ProPublica
$615 billion went out
$672 Billion came in...

ALL PAID BACK...
PLUS A PROFIT of: $57.7 billion...

View attachment 45760

Please re-check your numbers for AIG. Did they really pay all of it back?

Go check it out yourself! Bailout Scorecard Eye on the Bailout ProPublica

 

[healthmyths]

Geez... don't blame the messenger! Here did a little research on the INTERNET!!!

AIG has paid off its debt to the nation.
According to the InsuranceJournal.com,
“Since September 2008, America committed a total of $182.3 billion in connection with stabilizing AIG during the financial crisis.
Since then, through asset sales and other actions by AIG, the Federal Reserve, and the U.S. Department of the Treasury, the government recovered
the $182.3 billion, plus a combined positive return of $22.7 billion – for a sum total of $205 billion. On Dec. 14, 2012, the U.S. Treasury sold its last remaining shares of AIG stock for proceeds of approximately $7.6 billion.”
AIG Update Bush TARP Loans Repaid in Full With Billions in Interest - The Gateway Pundit

 

[Sonny Clark]

A stupid comment made even by some ignorant conservatives was "Bush spent like a drunken sailor" and blamed Bush for bailout of the banks,etc. i.e. TARP.

Obviously most of the ignorant people were unaware of this event:
On Thursday (Sept 18), at 11am the Federal Reserve noticed a tremendous draw-down of money market accounts in the U.S., to the tune of $550 billion was being drawn out in the matter of an hour or two. The Treasury ...estimation is that by 2pm that afternoon, $5.5 trillion would have been drawn out of the money market system of the U.S., would have collapsed the entire economy of the U.S., and within 24 hours the world economy would have collapsed. It would have been the end of our economic system and our political system as we know it.
Index of blog

Now.. WHAT HAPPENED to TARP the program that Bush has been blamed for?
Bailout Scorecard Eye on the Bailout ProPublica
$615 billion went out
$672 Billion came in...

ALL PAID BACK...
PLUS A PROFIT of: $57.7 billion...

View attachment 45760

Please re-check your numbers for AIG. Did they really pay all of it back?

Go check it out yourself! Bailout Scorecard Eye on the Bailout ProPublica

Do you remember any of the articles from 2010-2012 concerning possible write-offs? Or, are you going by recent accounts of what happened concerning TARP? Have you considered the past actions concerning TARP?

 

[Moonglow]

TARP was not Bush's money, it was the tax payers.......

 

[healthmyths]

A stupid comment made even by some ignorant conservatives was "Bush spent like a drunken sailor" and blamed Bush for bailout of the banks,etc. i.e. TARP.

Obviously most of the ignorant people were unaware of this event:
On Thursday (Sept 18), at 11am the Federal Reserve noticed a tremendous draw-down of money market accounts in the U.S., to the tune of $550 billion was being drawn out in the matter of an hour or two. The Treasury ...estimation is that by 2pm that afternoon, $5.5 trillion would have been drawn out of the money market system of the U.S., would have collapsed the entire economy of the U.S., and within 24 hours the world economy would have collapsed. It would have been the end of our economic system and our political system as we know it.
Index of blog

Now.. WHAT HAPPENED to TARP the program that Bush has been blamed for?
Bailout Scorecard Eye on the Bailout ProPublica
$615 billion went out
$672 Billion came in...

ALL PAID BACK...
PLUS A PROFIT of: $57.7 billion...

View attachment 45760

Please re-check your numbers for AIG. Did they really pay all of it back?

Go check it out yourself! Bailout Scorecard Eye on the Bailout ProPublica

Do you remember any of the articles from 2010-2012 concerning possible write-offs? Or, are you going by recent accounts of what happened concerning TARP? Have you considered the past actions concerning TARP?

AGAIN... what does this chart mean???
$615 billion paid out........
$672 billion paid back...
Net gain...$57.7 billion NET Profit!
WHERE is this a problem in understanding????

 

[healthmyths]

TARP was not Bush's money, it was the tax payers.......

And who said it was "Bush's money"??? The quote:
A stupid comment made even by some ignorant conservatives was "Bush spent like a drunken sailor" and blamed Bush for bailout of the banks,etc. i.e. TARP."
WHERE in there was any reference to "Bush's money????
Geez... just comment on the facts not your guesses or your screwed up opinion which is based on gossip hearsay, hyperbole!

 

[Wry Catcher]

A stupid comment made even by some ignorant conservatives was "Bush spent like a drunken sailor" and blamed Bush for bailout of the banks,etc. i.e. TARP.

Obviously most of the ignorant people were unaware of this event:
On Thursday (Sept 18), at 11am the Federal Reserve noticed a tremendous draw-down of money market accounts in the U.S., to the tune of $550 billion was being drawn out in the matter of an hour or two. The Treasury ...estimation is that by 2pm that afternoon, $5.5 trillion would have been drawn out of the money market system of the U.S., would have collapsed the entire economy of the U.S., and within 24 hours the world economy would have collapsed. It would have been the end of our economic system and our political system as we know it.
Index of blog

Now.. WHAT HAPPENED to TARP the program that Bush has been blamed for?
Bailout Scorecard Eye on the Bailout ProPublica
$615 billion went out
$672 Billion came in...

ALL PAID BACK...
PLUS A PROFIT of: $57.7 billion...

View attachment 45760

Please re-check your numbers for AIG. Did they really pay all of it back?

Go check it out yourself! Bailout Scorecard Eye on the Bailout ProPublica

Do you remember any of the articles from 2010-2012 concerning possible write-offs? Or, are you going by recent accounts of what happened concerning TARP? Have you considered the past actions concerning TARP?

AGAIN... what does this chart mean???
$615 billion paid out........
$672 billion paid back...
Net gain...$57.7 billion NET Profit!
WHERE is this a problem in understanding????

View attachment 45764

Simple solution satisfy simple minds.

 

[Sonny Clark]

Misinformation Alert Bailout Success Story TARP Niiice dave

The reason it is misinformation is TARP is only 7% of the total bailout. The rest of the bailout, the reason the banks were able to return to profitability instantly and repay their TARP loans in the first place, is the other 93% of the bailout. It went to the finance sector.
TARP is for the investment sector, administered by the Treasury Department.
The rest of the bailout went to the Federal Reserve, the agency that administers the U.S. money supply, is chaired by Wall Street insiders, foxes in charge of the hen house to handle the vast finance sector.

So, anyway, the truth is the bailout is 4.5 trillion bucks of unrecoverable losses and TARP was part of the bailout, not separate from it.
Further, if the President ever tells you this lie about TARP being profitable, you stand up and yell right in his face “YOU LIE!!”

“…Research shows that the U.S. Treasury Department’s ten TARP programs represent less than seven percent of the $4.7 trillion disbursed by the U.S. government in an effort to aid the financial services industry.”
Far more money has been disbursed by the Federal Reserve to prop up the financial system than by the U.S. Treasury and those loans are still outstanding.”
“It is absurd to declare ‘mission accomplished’ while counting only one small portion of the bailout.”

 

[Skull Pilot]

There is no profit in government spending you idiot

We have been running at a deficit and by definition that means there is no profit

 

[Moonglow]

TARP was not Bush's money, it was the tax payers.......

And who said it was "Bush's money"??? The quote:
A stupid comment made even by some ignorant conservatives was "Bush spent like a drunken sailor" and blamed Bush for bailout of the banks,etc. i.e. TARP."
WHERE in there was any reference to "Bush's money????
Geez... just comment on the facts not your guesses or your screwed up opinion which is based on gossip hearsay, hyperbole!

Nobody buy I said it and it's a fact, not hearsay, the drunken sailor part was not about TARP but his wars and increasing the debt, and Oblama spent lie a drunken sailor....Both bailed out the big boys yet no TARP fpr small business America, we were left to rot on the vine..
Now that you think they got their dough back I want my TARP, for my business, but it doesn't work that whey...Sorry to interrupt you govt. supporting big business thread at tax payers loss, continue ass licking...and kissing corporate ass...
And support for corporate welfare from the US citizens...

 

[healthmyths]

Misinformation Alert Bailout Success Story TARP Niiice dave

The reason it is misinformation is TARP is only 7% of the total bailout. The rest of the bailout, the reason the banks were able to return to profitability instantly and repay their TARP loans in the first place, is the other 93% of the bailout. It went to the finance sector.
TARP is for the investment sector, administered by the Treasury Department.
The rest of the bailout went to the Federal Reserve, the agency that administers the U.S. money supply, is chaired by Wall Street insiders, foxes in charge of the hen house to handle the vast finance sector.

So, anyway, the truth is the bailout is 4.5 trillion bucks of unrecoverable losses and TARP was part of the bailout, not separate from it.
Further, if the President ever tells you this lie about TARP being profitable, you stand up and yell right in his face “YOU LIE!!”

“…Research shows that the U.S. Treasury Department’s ten TARP programs represent less than seven percent of the $4.7 trillion disbursed by the U.S. government in an effort to aid the financial services industry.”
Far more money has been disbursed by the Federal Reserve to prop up the financial system than by the U.S. Treasury and those loans are still outstanding.”
“It is absurd to declare ‘mission accomplished’ while counting only one small portion of the bailout.”

TARP allowed the United States Department of the Treasury to purchase or insure up to $700 billion of "troubled assets," defined as "(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."[4]
Troubled Asset Relief Program - Wikipedia the free encyclopedia

That is what TARP is. Nothing else.
Everything else is beyond TARP and were covered by FDIC,etc.
As far as Federal Reserve role I think you are confused with Quantitative easing..QE... An unconventional monetary policy in which a central bank purchases government securities or other securities from the market in order to lower interest rates and increase the money supply. Quantitative easing increases the money supply by flooding financial institutions with capital in an effort to promote increased lending and liquidity.

Read more: Quantitative Easing Definition Investopedia
Follow us: @Investopedia on Twitter

 

[Moonglow]

There is no profit in government spending you idiot

We have been running at a deficit and by definition that means there is no profit

But, but the corporate shrill doesn't want the TARP boys to look bad...

 

[healthmyths]

TARP was not Bush's money, it was the tax payers.......

And who said it was "Bush's money"??? The quote:
A stupid comment made even by some ignorant conservatives was "Bush spent like a drunken sailor" and blamed Bush for bailout of the banks,etc. i.e. TARP."
WHERE in there was any reference to "Bush's money????
Geez... just comment on the facts not your guesses or your screwed up opinion which is based on gossip hearsay, hyperbole!

Nobody buy I said it and it's a fact, not hearsay, the drunken sailor part was not about TARP but his wars and increasing the debt, and Oblama spent lie a drunken sailor....Both bailed out the big boys yet no TARP fpr small business America, we were left to rot on the vine..
Now taht they got their dough back I want my TARP, for my business, but it doesn't work that whey...Sorry to interrupt you govt. supporting big business thread, continue ass licking...

What kind of idiotic business do you run if you can't even following the little dotted line indicating misspelled words?
"taht"

Well obviously from your poor spelling and lack of following instructions you missed out on the following
$368 million paid out to the SBA and being the idiot you are you probably didn't qualify for an SBA loan!

Small Business and Community Lending Initiative Eye on the Bailout ProPublica

 

[Sonny Clark]

Misinformation Alert Bailout Success Story TARP Niiice dave

The reason it is misinformation is TARP is only 7% of the total bailout. The rest of the bailout, the reason the banks were able to return to profitability instantly and repay their TARP loans in the first place, is the other 93% of the bailout. It went to the finance sector.
TARP is for the investment sector, administered by the Treasury Department.
The rest of the bailout went to the Federal Reserve, the agency that administers the U.S. money supply, is chaired by Wall Street insiders, foxes in charge of the hen house to handle the vast finance sector.

So, anyway, the truth is the bailout is 4.5 trillion bucks of unrecoverable losses and TARP was part of the bailout, not separate from it.
Further, if the President ever tells you this lie about TARP being profitable, you stand up and yell right in his face “YOU LIE!!”

“…Research shows that the U.S. Treasury Department’s ten TARP programs represent less than seven percent of the $4.7 trillion disbursed by the U.S. government in an effort to aid the financial services industry.”
Far more money has been disbursed by the Federal Reserve to prop up the financial system than by the U.S. Treasury and those loans are still outstanding.”
“It is absurd to declare ‘mission accomplished’ while counting only one small portion of the bailout.”

TARP allowed the United States Department of the Treasury to purchase or insure up to $700 billion of "troubled assets," defined as "(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."[4]
Troubled Asset Relief Program - Wikipedia the free encyclopedia

That is what TARP is. Nothing else.
Everything else is beyond TARP and were covered by FDIC,etc.
As far as Federal Reserve role I think you are confused with Quantitative easing..QE... An unconventional monetary policy in which a central bank purchases government securities or other securities from the market in order to lower interest rates and increase the money supply. Quantitative easing increases the money supply by flooding financial institutions with capital in an effort to promote increased lending and liquidity.

Read more: Quantitative Easing Definition Investopedia
Follow us: @Investopedia on Twitter

Taxpayers Lose Billions as Auto Industry Bailout Ends
January 2, 2015

Taxpayers Lose Billions as Auto Industry Bailout Ends Heartlander Magazine

Taxpayers Took a Loss

With the conclusion of the bailout, the Treasury Department’s accounting of auto bailout loans shows taxpayers recovered only $70.42 billion of the $79.69 billion loaned through AIFP, a loss of $9.6 billion, or about $65.75 per taxpayer.

“The sale of the government's stake in Ally Financial—GM's financing arm—marks the end of a piece of the Troubled Asset Relief Program, which was originally billed as a bank bailout program,” said Mercatus Center at George Mason University Senior Research Fellow Hester Peirce. “Taxpayer money was put at great risk, and the return on investment that Treasury now trumpets is not adequate to compensate taxpayers for the risk they took.

“Government should not be in the business of selecting winners and losers in the marketplace by directing cheap financing to favored sectors of the economy,” Pierce added. “Taxpayer dollars were invested in a sector of the economy that private money was avoiding for good reason.”

 

[Sonny Clark]

Under the Bank Support Program, the US Treasury invested a total of $245 billion in financial institutions NOT named AIG or Ally Financial (fka, General Motors Acceptance Corp, the auto financing arm of GM). This includes all the money they invested in Citigroup, BofA, Morgan Stanley, JP Morgan, Goldman Sachs, Wells Fargo, all the way on down the line to the smallest regional banks. Of that amount, $2.8 billion was written off as unrecoverable and $11.3 billion is still outstanding. And $231 billion was repaid. Oh, and the US Treasury made $33.7 billion of income on these investments, largely through dividends and the sale of warrants that were attached to the preferred stock investments. To recap, US Treasury invested $245 billion in US Banks and, to date, has recovered $265 billion. This is the “bail out” that Wall Street got from the US Government.

Bank Bail Outs - Happy Birthday TARP - Surgical Diversions

 

[Toddsterpatriot]

A stupid comment made even by some ignorant conservatives was "Bush spent like a drunken sailor" and blamed Bush for bailout of the banks,etc. i.e. TARP.

Obviously most of the ignorant people were unaware of this event:
On Thursday (Sept 18), at 11am the Federal Reserve noticed a tremendous draw-down of money market accounts in the U.S., to the tune of $550 billion was being drawn out in the matter of an hour or two. The Treasury ...estimation is that by 2pm that afternoon, $5.5 trillion would have been drawn out of the money market system of the U.S., would have collapsed the entire economy of the U.S., and within 24 hours the world economy would have collapsed. It would have been the end of our economic system and our political system as we know it.
Index of blog

Now.. WHAT HAPPENED to TARP the program that Bush has been blamed for?
Bailout Scorecard Eye on the Bailout ProPublica
$615 billion went out
$672 Billion came in...

ALL PAID BACK...
PLUS A PROFIT of: $57.7 billion...

View attachment 45760

On Thursday (Sept 18), at 11am the Federal Reserve noticed a tremendous draw-down of money market accounts in the U.S., to the tune of $550 billion was being drawn out in the matter of an hour or two.

I love this silly claim. How would the Fed notice something like this?
They wouldn't.
This is part of the conspiracy theory of the market tanking.

 

[danielpalos]

A stupid comment made even by some ignorant conservatives was "Bush spent like a drunken sailor" and blamed Bush for bailout of the banks,etc. i.e. TARP.

Obviously most of the ignorant people were unaware of this event:
On Thursday (Sept 18), at 11am the Federal Reserve noticed a tremendous draw-down of money market accounts in the U.S., to the tune of $550 billion was being drawn out in the matter of an hour or two. The Treasury ...estimation is that by 2pm that afternoon, $5.5 trillion would have been drawn out of the money market system of the U.S., would have collapsed the entire economy of the U.S., and within 24 hours the world economy would have collapsed. It would have been the end of our economic system and our political system as we know it.
Index of blog

Now.. WHAT HAPPENED to TARP the program that Bush has been blamed for?
Bailout Scorecard Eye on the Bailout ProPublica
$615 billion went out
$672 Billion came in...

ALL PAID BACK...
PLUS A PROFIT of: $57.7 billion...

Just Socialism bailing out Capitalism with a Commerce Clause an Official Mint and the (other) Peoples' money.

 

[Wry Catcher]

Misinformation Alert Bailout Success Story TARP Niiice dave

The reason it is misinformation is TARP is only 7% of the total bailout. The rest of the bailout, the reason the banks were able to return to profitability instantly and repay their TARP loans in the first place, is the other 93% of the bailout. It went to the finance sector.
TARP is for the investment sector, administered by the Treasury Department.
The rest of the bailout went to the Federal Reserve, the agency that administers the U.S. money supply, is chaired by Wall Street insiders, foxes in charge of the hen house to handle the vast finance sector.

So, anyway, the truth is the bailout is 4.5 trillion bucks of unrecoverable losses and TARP was part of the bailout, not separate from it.
Further, if the President ever tells you this lie about TARP being profitable, you stand up and yell right in his face “YOU LIE!!”

“…Research shows that the U.S. Treasury Department’s ten TARP programs represent less than seven percent of the $4.7 trillion disbursed by the U.S. government in an effort to aid the financial services industry.”
Far more money has been disbursed by the Federal Reserve to prop up the financial system than by the U.S. Treasury and those loans are still outstanding.”
“It is absurd to declare ‘mission accomplished’ while counting only one small portion of the bailout.”

TARP allowed the United States Department of the Treasury to purchase or insure up to $700 billion of "troubled assets," defined as "(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."[4]
Troubled Asset Relief Program - Wikipedia the free encyclopedia

That is what TARP is. Nothing else.
Everything else is beyond TARP and were covered by FDIC,etc.
As far as Federal Reserve role I think you are confused with Quantitative easing..QE... An unconventional monetary policy in which a central bank purchases government securities or other securities from the market in order to lower interest rates and increase the money supply. Quantitative easing increases the money supply by flooding financial institutions with capital in an effort to promote increased lending and liquidity.

Read more: Quantitative Easing Definition Investopedia
Follow us: @Investopedia on Twitter

Taxpayers Lose Billions as Auto Industry Bailout Ends
January 2, 2015

Taxpayers Lose Billions as Auto Industry Bailout Ends Heartlander Magazine

Taxpayers Took a Loss

With the conclusion of the bailout, the Treasury Department’s accounting of auto bailout loans shows taxpayers recovered only $70.42 billion of the $79.69 billion loaned through AIFP, a loss of $9.6 billion, or about $65.75 per taxpayer.

“The sale of the government's stake in Ally Financial—GM's financing arm—marks the end of a piece of the Troubled Asset Relief Program, which was originally billed as a bank bailout program,” said Mercatus Center at George Mason University Senior Research Fellow Hester Peirce. “Taxpayer money was put at great risk, and the return on investment that Treasury now trumpets is not adequate to compensate taxpayers for the risk they took.

“Government should not be in the business of selecting winners and losers in the marketplace by directing cheap financing to favored sectors of the economy,” Pierce added. “Taxpayer dollars were invested in a sector of the economy that private money was avoiding for good reason.”

Once again I must remind others that simple statistics never tell the whole story.

If the auto industry failed, how many workers would have been displaced? Keep in mind that includes sales, suppliers, the front office, line workers, and the ancillary businesses where they spend their earnings: grocery stores, sandwich shops, clothing stores. How many homes would have been foreclosed, apts vacated with no renters to be found, and the blight of empty factories? How many would become dependent on government aid?

Yeah, the government had a duty to rescue the auto industry, notwithstanding Romney's opinion or those who believe such an activity violated the Constitution. Thankful pragmatic adults were in control and not the ideologues.