Bush-Bailout vs. Obama-Bailout

[Mr. Shaman]

At least, when OBAMA bailed-out companies....the Country got $TOCK, outta-the-deal....and, will show a PROFIT!!!!



When BUSH bailed-out the BANK$, we got ZIP!!!!!!!!!

​

"Chip Besse figured he could hire a dozen people once he got a $1.1 million small-business loan.

Wells Fargo & Co. turned him down.

U.S. taxpayers helped the San Francisco-based bank weather the 2008 financial crisis with a $25 billion loan and $9.5 billion of debt guarantees. By July 2009, when Besse wanted to buy and expand a Colorado snowmobile-rental business, Wells Fargo wasn’t sharing the wealth, he said.

Besse, 29, had little success with 16 other lenders in 2008 and 2009. His list included New York-based JPMorgan Chase & Co., which agreed to provide less than 70 percent of what he wanted, and Charlotte, North Carolina-based Bank of America Corp., which Besse said kept him hopeful for a month before rejecting his application.

“I was furious,” he said. “A lot of bankers are trying to justify their jobs and they waste everyone’s time.”

Besse, a Philadelphia native, was a partner in a London private equity firm with a credit score of 769 out of 850 and $185,000 in a checking account. His search for a loan shows how difficult it is for small companies, which the Small Business Administration says created 64 percent of net new jobs over the past 15 years, to get credit -- even from banks that accepted billions in taxpayer-funded bailouts."

 

[Oddball]

When you get the first dividend check from that stock that "America" got, you be sure to let us know.

BTW...You do know that Barry Obolshevik voted in favor the bankster bailouts, don't you?

 

[LordBrownTrout]

Lol, "profit". After gutting us, the taxpayers, with 750 B bank bailouts, 850B dollar stimuli that hasn't stimulated, and other never ending stimulus dreams, we're going to receive a "profit". Good luck with that one.

 

[Mr. Shaman]

Lol, "profit". After gutting us, the taxpayers, with 750 B bank bailouts, 850B dollar stimuli that hasn't stimulated, and other never ending stimulus dreams, we're going to receive a "profit". Good luck with that one.

Don't forget who-it-was who handed-out the bank-bailouts.....with NO PRECONDITIONS!!!

 

[Oddball]

I'm going to need a sponge and bucket to wipe up all the irony that's oozing off of the monitor onto my desk.

 

[Mr. Shaman]

September 16, 2010​

Bailed-Out Banks Finance Predatory Payday Lender$​

"American taxpayers bailed out the big banks. Now many of those banks are returning the favor by extending credit to payday lenders who sucker consumers into a spiraling debt traphttp://www.prwatch.org/node/9456.

That is the claim in a new report published this week by National People’s Action (NPA), the Chicago-based community organization. The report, called Predators’ Creditors, names Wells Fargo, Bank of America and JP Morgan Chase as some of the biggest lenders to the booming payday loan industry.

“The very same banks that helped tank the economy are now helping the bottom feeders of the industry,” says George Goehl, Executive Director of NPA. “The report shows that a $300 payday loan could end up costing you $750. If Al Capone was alive today, I bet you could get a better deal from him."

 

[Mr. Shaman]

I'm going to need a sponge and bucket to wipe up all the irony that's oozing off of the monitor onto my desk.

Not really.

We should have seen it coming!!!

​

 

[Oddball]

 

[txlonghorn]

I'm must curious, do you think that posting stupid looking pics of GWB enforces your position? You really didn't offer much of an argument about the fact that Obama supported the bank bailouts...and most likely, if he had already been in the Whitehouse, would have done that deal just the same way. I'd like to hear your thoughts on how any "profit" is going to benefit you personally. Will you get back as much or more than you paid in?

 

[Mr. Shaman]

I'm must curious, do you think that posting stupid looking pics of GWB enforces your position?

That seems to be the language 'Baggers understand. ​

You really didn't offer much of an argument about the fact that Obama supported the bank bailouts...and most likely, if he had already been in the Whitehouse, would have done that deal just the same way.

"...most likely..."?????

That qualifies as a well-thought-out Position, for you??????

I'd like to hear your thoughts on how any "profit" is going to benefit you personally. Will you get back as much or more than you paid in?

It's always about individual-greed, with you folks, huh??

As insignificant as it might seem, to you folks, any-and-all profits should be used to pay-down our debt!!! That's what adults do....and, what Lil' Dumbya was never expected to learn.

 

[LordBrownTrout]

TARP and 2010 elections: Castle’s Defeat: The TARP Curse? - Washington Wire - WSJ


Final House Vote: TARP Yeas: 263, Nays: 171

R's For 91, Against 108
D's For 172, Against 63


Final Senate Vote: 74 yeas, 25 nays

40 D's, 33R's, 1 Ind voted Yay
25 voted Nay 9D's, 15 R's, 1 Ind


From Jan 16, 2009: CNN Political Ticker: All politics, all the time Blog Archive - Poll: TARP not working; don’t spend more, Americans say - Blogs from CNN.com


60-70 percent of voters opposed the bank bailouts. Most of us did see it coming but instead the mandarins in congress flipped us off and said to hell with the serfs.