US sees profit from TARP bailout

[Contumacious]

Bullshit.

That information can not be independently verified.

Verified by who??

By Contumacious da' Great and the rest of the Taxpayers.

You can't admit that the bailout actually worked and the banks paid us back. Your defense is to cover your eyes, put your head in the sand and go into denial mode

No , my defense is to demand copies of canceled checks , affidavits and audited statements.


And the truth shall set you free.


.

 

[Contumacious]

Good job by Bush. Nearly a year after the federal rescue of the nation’s biggest banks, taxpayers have begun seeing profits from the hundreds of billions of dollars in aid that many critics thought might never be seen again.

Bullshit.

That information can not be independently verified.

President Andrew Jackson was in the same predicament but told the bankers to go fuck themselves.

""Gentlemen, I have had men watching you for a long time, and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I intend to rout you out, and by the eternal God, I will rout you out."

~ President Andrew Jackson 1832

Contrast the words of President Andrew Jackson who had a strong moral compass and a firm grasp of right and wrong to the words of our current President, George W. Bush.

And his refusal to sign the bill to renew the charter of the Bank of the United States resulted in the rise of wildcat banking, causing the Panic of 1837.

Which lasted a mere TWO WEEKS - the Bush/Obama Depression is still going and going and going


.

 

[Toro]

Bullshit.

That information can not be independently verified.

Verified by who??

You can't admit that the bailout actually worked and the banks paid us back. Your defense is to cover your eyes, put your head in the sand and go into denial mode

And quote from 180 years ago.

At the end of the day, we will have to look at all the investments the government made, not just a few. And this has not yet fully played out. But give credit where the credit is due. The government has made money on at least some of their investments.

 

[DiveCon]

hmmm, so, if the banks hadnt paid it back early because they didnt really NEED them in the first place, this wouldnt be the case
LOL

 

[Vast LWC]

The banks thought they needed the money, the government lent it to them, asking for a return on their investment. After a time, the banks recovered and decided they didn't need the money.

So rather than waiting to pay it back, which would have incurred additional charges, they paid it back early. Just like you avoid a whole bunch of interest if you pay your mortgage off early. Get it?

So, if the money had not been paid back early, the government, and therefore the taxpayer, would have made MORE money, but since they did in fact pay it back early, that's less of a deficit for the government.

Are you now blaming the government for making good investments?

 

[Contumacious]

Who exactly are the "People who trashed our economy" that are "still running things"?

So much bullshit , so little time.

1- Are you aware that banking and credit were NATIONALIZED back in 1913 when the Federal Reserve Board was created? Has the FRB been abolished?

2- Freddie, Fannie, and Curses on FDR - They were created by FDR in 1938 to fund mortgages insured by the Federal Home Administration. They were used by every president as a means to achieve this weird American value that every last person must own a home, no matter what. So they were given the legal permission to purchase private mortgages and make them part of their portfolios. Still later, under LBJ and Nixon, they became public companies and sold stock. People called this privatization, but that isn't quite right. They had access to a guaranteed line of credit creation with the US Treasury. They had lower borrowing costs than any private-sector equivalent.



.

 

[Vast LWC]

1. So, the federal reserve "trashed our economy"? Wow, that's an interesting theory. Perhaps you'd like to elaborate?

2. Oh yeah, fall back to the old argument, it's always "Fannie and Freddie".
You do know that the vast majority of bad mortgage securities and credit default swaps were not in fact held by Fannie Mae and Freddie Mac, right?

 

[Vast LWC]

Oh, and the mortages that were held by Fannie and Freddie were generally sold to them by private lenders.

 

[Toro]

Who exactly are the "People who trashed our economy" that are "still running things"?

So much bullshit , so little time.

1- Are you aware that banking and credit were NATIONALIZED back in 1913 when the Federal Reserve Board was created? Has the FRB been abolished?

This is wrong.

Credit was not nationalized in 1913. The Federal Reserve does not control credit creation. The Fed effects credit by targeting the Fed funds rate, and at times massively so, but credit is created in the private sector.

 

[Oddball]

Who exactly are the "People who trashed our economy" that are "still running things"?

So much bullshit , so little time.

1- Are you aware that banking and credit were NATIONALIZED back in 1913 when the Federal Reserve Board was created? Has the FRB been abolished?

This is wrong.

Credit was not nationalized in 1913. The Federal Reserve does not control credit creation. The Fed effects credit by targeting the Fed funds rate, and at times massively so, but credit is created in the private sector.

A distinction with no difference in substance.

If you're in the cocaine business, you pay what the cartel wants you to pay or you peddle something else......If that's not control, nothing is.

 

[PI2]

You Socialists are the corrupt corporate a*sholes now. You raped the American taxpayer to bail your corrupt corporate cretins out so now you are them at this point. It's all just one gigantic scam in the end. You own em so now you're their biggest cheerleaders. How can you be trusted at this point? Why should we believe you? You're part of the problem not the solution.

BWAHAHAHAHAHAHAHAHAAAAAAA!


E's over the edge E is!

 

[PI2]

You Socialists are the corrupt corporate a*sholes now. You raped the American taxpayer to bail your corrupt corporate cretins out so now you are them at this point. It's all just one gigantic scam in the end. You own em so now you're their biggest cheerleaders. How can you be trusted at this point? Why should we believe you? You're part of the problem not the solution.

Have you been drinking?

That's not booze, that's a full blown hallucinogen at work there.

 

[Contumacious]

, but since they did in fact pay it back early,

And you KNOW it is a FACT HOW?


.

 

[Contumacious]

1. So, the federal reserve "trashed our economy"? Wow, that's an interesting theory. Perhaps you'd like to elaborate?

Hummmmmmmmm


What is the FRB's mission?

2. Oh yeah, fall back to the old argument, it's always "Fannie and Freddie".
You do know that the vast majority of bad mortgage securities and credit default swaps were not in fact held by Fannie Mae and Freddie Mac, right?

Excuse moi, but did you see how Mr, Madoff defrauded so many investors even though there were a gazillion agencies "monitoring" his activities?

Not even the goddamned KGB could monitor all the black market activities in the most formidable police state!!!!!!!!!!!!!!!!!!!!!


.

 

[Contumacious]

Who exactly are the "People who trashed our economy" that are "still running things"?

So much bullshit , so little time.

1- Are you aware that banking and credit were NATIONALIZED back in 1913 when the Federal Reserve Board was created? Has the FRB been abolished?

This is wrong.

Credit was not nationalized in 1913. The Federal Reserve does not control credit creation. The Fed effects credit by targeting the Fed funds rate, and at times massively so, but credit is created in the private sector.

STFU

The Federal Reserve Board was mandated by congress to create AN ELASTIC CURRENCY it accomplishes the task by : Fractional Reserve Banking and by INFLATING the currency.

 

[Polk]

Bullshit.

That information can not be independently verified.

President Andrew Jackson was in the same predicament but told the bankers to go fuck themselves.

""Gentlemen, I have had men watching you for a long time, and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I intend to rout you out, and by the eternal God, I will rout you out."

~ President Andrew Jackson 1832

Contrast the words of President Andrew Jackson who had a strong moral compass and a firm grasp of right and wrong to the words of our current President, George W. Bush.

And his refusal to sign the bill to renew the charter of the Bank of the United States resulted in the rise of wildcat banking, causing the Panic of 1837.

Which lasted a mere TWO WEEKS - the Bush/Obama Depression is still going and going and going


.

Two weeks? Try five years. Half the banks in the nation failed.

 

[bodecea]

Good job by Bush. Nearly a year after the federal rescue of the nation’s biggest banks, taxpayers have begun seeing profits from the hundreds of billions of dollars in aid that many critics thought might never be seen again.

Bullshit.

That information can not be independently verified.

President Andrew Jackson was in the same predicament but told the bankers to go fuck themselves.

""Gentlemen, I have had men watching you for a long time, and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I intend to rout you out, and by the eternal God, I will rout you out."

~ President Andrew Jackson 1832

Contrast the words of President Andrew Jackson who had a strong moral compass and a firm grasp of right and wrong to the words of our current President, George W. Bush.

And his refusal to sign the bill to renew the charter of the Bank of the United States resulted in the rise of wildcat banking, causing the Panic of 1837.

And we won't even talk about his moral compass when it came to the Trail of Tears.

 

[bodecea]

Bullshit.

That information can not be independently verified.

President Andrew Jackson was in the same predicament but told the bankers to go fuck themselves.

""Gentlemen, I have had men watching you for a long time, and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I intend to rout you out, and by the eternal God, I will rout you out."

~ President Andrew Jackson 1832

Contrast the words of President Andrew Jackson who had a strong moral compass and a firm grasp of right and wrong to the words of our current President, George W. Bush.

And his refusal to sign the bill to renew the charter of the Bank of the United States resulted in the rise of wildcat banking, causing the Panic of 1837.

Which lasted a mere TWO WEEKS - the Bush/Obama Depression is still going and going and going


.

HOLY CRAP!!!! Where'd you get YOUR education?

 

[skookerasbil]

Bullshit.

That information can not be independently verified.

Verified by who??

You can't admit that the bailout actually worked and the banks paid us back. Your defense is to cover your eyes, put your head in the sand and go into denial mode

lmao s0n..........thats akin to intercepting a pass and doing an end zone dance and your team is only behind 57 to 7 now!!!!
Recession 2 is coming s0n.......bank profits or no bank profits. Oh........and plenty of inflation in 2010 too.........

 

[skookerasbil]

How astute was Mr Limbaugh's comment way back in February when asked about the future implications of the stimulus on the economy...................