Discussion in 'Economy' started by Si modo, Nov 16, 2009.
CIT's bankruptcy raises new questions about bailout
What a colossal waste of money.
The TARP ceased being effective when it was extended to non bank financial institutions. Then it became simply a trough for the pigs to feed at and a way for the gov't to control them.
Laughably, the obama administration now is talking about using the rest of the money to pay down the deficit. Where the eff do they think the money was coming from in the first place??
The fed giveth and the fed taketh away.
Yep TARP was Wrong. Obama should not have started it up. Ohh wait....
This is the most ethically corrupt administration in American history. It has to be removed.
I thought Obama was there to end the failed policies of Pres George W Bush. Oh well....
Barack Obama = George Bush's third term.
Indeed, sans the cowboy aesthetics.
I look at it as more like Bush 41's 6th term.
All I know about failed bailed out institutions is that GM just lost another Billion Plus dollars and has the audacity to talk about paying back the government. Will they go the route of Ford and issue Billions of stock shares to dupes who think they have value so they can pay back the Gov??? They do not look capable of making a profit by manufacturing and selling cars and trucks, so they might as well go the shares route before declaring bankruptcy again.
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