R
rdean
Guest
Bennett was right to vote 'yes' on TARP - Salt Lake Tribune
support of TARP funding for banks as proof. But a clear understanding of this program reveals it was well designed and deserved bipartisan support.
Many people think that TARP was a giveaway, but that is not correct.
It has worked as planned and the government will actually earn a substantial profit. Most of the TARP money has been repaid and the Treasury has made a $10.5 billion profit to date.
the Treasury will earn an additional $7 billion profit. In the end, TARP will have helped avert another depression and the taxpayer will be richer.
The anger over TARP is mainly due to the mistaken impression that it was a giveaway to bankers, along with the issue of bankers' bonuses. The greed and arrogance of the bonus takers is reprehensible, but that is a separate issue needing a solution that does not involve dumping the cost of an economic collapse on the taxpayer.
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You mean, it WASN'T a give-a-way? Did someone lie? Who would be dirty enough to lie to the American people?
Oh, that reminds me. I heard they are doing better in Iraq. Got two al Qaeda leaders.
support of TARP funding for banks as proof. But a clear understanding of this program reveals it was well designed and deserved bipartisan support.
Many people think that TARP was a giveaway, but that is not correct.
It has worked as planned and the government will actually earn a substantial profit. Most of the TARP money has been repaid and the Treasury has made a $10.5 billion profit to date.
the Treasury will earn an additional $7 billion profit. In the end, TARP will have helped avert another depression and the taxpayer will be richer.
The anger over TARP is mainly due to the mistaken impression that it was a giveaway to bankers, along with the issue of bankers' bonuses. The greed and arrogance of the bonus takers is reprehensible, but that is a separate issue needing a solution that does not involve dumping the cost of an economic collapse on the taxpayer.
--------------------------------------------
You mean, it WASN'T a give-a-way? Did someone lie? Who would be dirty enough to lie to the American people?
Oh, that reminds me. I heard they are doing better in Iraq. Got two al Qaeda leaders.