First TARP then TERP now BAD BANK????

Discussion in 'Economy' started by DavidS, Jan 29, 2009.

  1. DavidS
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    DavidS Anti-Tea Party Member

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    Ok, so $700 billion TARP, of which $350 billion has already been spent.

    Then we had TERP, $800 billion. $200 billion would be sent to the banks, $500 billion would be used to buy mortgage backed securities and $100 billion for I dunno what.

    So $500 billion was used to buy up mortgage backed securities.

    And now this BAD BANK idea is going to cost upwards of $1 trillion?? What the hell happened to the $350 billion we spent with TARP and $500 billion we spent with TERP??? This is completely ridiculous. In the past 6 months, we've spent almost our entire GNP!
     
  2. manu1959
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    manu1959 Left Coast Isolationist

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    hey don't worry it will trickle down.......
     
  3. AVG-JOE
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    AVG-JOE American Mutt Staff Member Gold Supporting Member

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    We The People should start our own non-profit credit union and tell the rich bankers to go fuck themselves.

    At least in the humble opinion of this Average Joe...

    -Joe
     
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  4. RodISHI
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    RodISHI Gold Member

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    Agreed.
     
  5. Zoomie1980
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    Zoomie1980 Senior Member

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    What people? The one's that post here? You trust all these people with your money?
     
  6. AVG-JOE
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    AVG-JOE American Mutt Staff Member Gold Supporting Member

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    I already trust them and they trust me that 7 wallet-size photos of Ben Franklin are a good trade for a '97 Ford, so yes I think that We, The People are trustworthy and smart enough to start a trustworthy bank.

    -Joe
     
  7. editec
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    editec Mr. Forgot-it-All

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    We have become a nation of the banking class, by the banking class and for the banking class.

    This is not yet obvious to you?
     

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