Mitt: This in from a conservative Mormon Paper

Discussion in 'Economy' started by rdean, Apr 20, 2010.

  1. rdean
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    rdean rddean

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    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.

    --------------------------------------------

    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.
     
  2. Oddball
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    Oddball BANNED Supporting Member

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    The SL Tribune is as far left crank a publication as you will find out there, fool. :lol::lol::lol:
     
  3. Neubarth
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    Neubarth At the Ballpark July 30th

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    rdean, you are obviously not aware of how the banks have been making their money in the past two years. That money is a free give away from government. Sure the banks have repaid TARP, but they have done so with money that they raped from the American Citizens.

    WE HAVE TO PAY FOR THEIR FINANCIAL GAIN.

    Personally, I favor shooting all of the Big Bank leadership. They are all corrupt as hell and need to be placed before firing squads.
     
  4. xsited1
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    xsited1 Agent P

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    This is yet another example of rdean's "Critical Thinking Skills" at work.
     
  5. rdean
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    rdean rddean

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    Free give-away they paid back. Ok, that makes sense.
     
  6. rdean
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    rdean rddean

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    Thank you. I wish I could return the compliment.
     
    • Thank You! Thank You! x 1
  7. midcan5
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    midcan5 liberal / progressive

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    Laughing and not answering the content or premise of the OP doesn't say much, but I guess it makes some people simple people happy.


    "So here I come to thee
    Against my will; and surely do I trow
    Thou dost not wish to see me. Still ’tis true
    That no man loves the messenger of ill." Antigone
     
  8. California Girl
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    California Girl BANNED

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    Indeed, it is.
     
  9. editec
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    editec Mr. Forgot-it-All

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    TARP is misunderstood, without doubt.

    It is supposed to be paid back, but some corporations (like AIG for example) are never going to be able to do that.

    That will cost the US taxpayer and estimated $50 Billion, FYI.

    GM says that it's not going to take any more TARP, incidently, according to something I heard on C-Span yesterday.
     
  10. RetiredGySgt
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    RetiredGySgt Platinum Member

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    You are aware that TARP was supported by Bush and the Republicans? Just checking.
     

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