Bank of America pays back TARP funds

Discussion in 'Economy' started by Ravi, Dec 10, 2009.

  1. Ravi
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    Ravi Diamond Member

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    2nd UPDATE: Bank Of America Repays $45 Billion In TARP Funds
     
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  2. manu1959
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    manu1959 Left Coast Isolationist

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    and the fed has made a 19 billion dollar profit on the tarp loan.....

    bush was a bloody genius....no.....
     
  3. Ravi
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    Ravi Diamond Member

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    I don't know if he was a genius but he at least got one thing right.
     
  4. Truthmatters
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    It was Paulson and we could have made a shit load more and not seen the assholes who made this mess get big bonuses in the end.
     
  5. manu1959
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    manu1959 Left Coast Isolationist

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    really ... who made the mess that got a big bonus ....

    paulson huh....noone else consulted or involved...just paulson....i imagine bush tried to stop him huh....gave speeches that he would veto the legislation but his veto was overridden by the majority dem congress....
     
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  6. Truthmatters
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    Do you remember Bush saying not that long ago that tarp was the one thing he regretted?
     
  7. Ravi
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    Ravi Diamond Member

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    Jeesh...can't you guys just be happy for once that the economy seems to be looking up?
     
  8. Truthmatters
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    I guess we are all kensyians now?
     
  9. manu1959
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    manu1959 Left Coast Isolationist

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    interesting i thought you said paulson did it....

    and to answer your question....no but that doesn't mean it may not turn out to be a good thing....only half of it needed to be spent to stabalize the industry and they government turned a profit doing it.....

    if the government turns a profit on the auto bailout and small business investment and health care they are about to do i will be impressed.....

    i think bush said he regretted having to do it but that there was no choice.....it was a choice between letting the industry collapse and bailing it out.....
     
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    Do you really claim that Bush designed the Tarp and not Paulson?
     

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