Estimated TARP losses reduced to $50-66b; could break even

Discussion in 'Economy' started by Sheldon, Oct 1, 2010.

  1. Sheldon
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    Sheldon Senior Member

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    http://www.nytimes.com/2010/10/01/business/01tarp.html?_r=2&hp

    Good news. But if TARP proves to be a moneymaker for the government, it could lessen the distinctive to bailout large corporations in the future.
     
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  2. Paulie
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    Paulie Platinum Member

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    A profit means the government will have carte blanche to hand money to any company it deems "troubled", from here on out, and practically no one will complain except for the right.

    The left and the center will pretty much rubber stamp it.
     
  3. loosecannon
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    loosecannon Senior Member

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    disincentive?

    I think you can thank Team Obama for this result.
     
  4. Oddball
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    Oddball BANNED Supporting Member

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    Or it could only encourage the little bastards to continue their idiotic social engineering in the marketplace, under the pretext that they can fix everything at will, by printing up a few barge loads of money.
     
  5. xotoxi
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    xotoxi Platinum Member

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    This is going to lead to euthanasia and implantation of chips under our skin.

    Pretty soon, you will have to submit an application in triplicate to have sex with your wife!
     
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  6. Sheldon
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    Sheldon Senior Member

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    That's basically what I meant with the "lessen the disincentive" double negative.
     
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  7. Toro
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    Toro Diamond Member

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    Bailout Ends, Not Anger - WSJ.com
     
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  8. rdean
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    rdean rddean

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    Without going and looking it up, I thought Tarp and the Stimulus were the last things Bush did as President. The ONLY two things he did that worked.

    8 years of failure and the only two things he did that worked are hated by his base.:lol:
     
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  9. loosecannon
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    loosecannon Senior Member

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    And as soon as team Obama took the WH they changed the rules of the game pissing off the banks who felt like they had been sucker punched. They proceeded to repay tarp loans as fast as possible to eliminate the authority that being on the hook for those loans gave team Obama over their salaries and business practices.

    Ask any banker; under Bush TARP was a bailout, under Obama it became a Trojan Horse.
     
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  10. loosecannon
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    loosecannon Senior Member

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    The stimulus was the new Dem Majority's first move upon taking the WH. It was a pork bonanza masquerading as a recovery initiative.
     

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