TARP pays back $164 billion

Discussion in 'Current Events' started by Chris, Dec 23, 2009.

  1. Chris
    Offline

    Chris Gold Member

    Joined:
    May 30, 2008
    Messages:
    23,154
    Thanks Received:
    1,958
    Trophy Points:
    205
    Location:
    Virginia
    Ratings:
    +2,089
    SAN FRANCISCO (MarketWatch) -- The Troubled Asset Relief Program has generated at least $16 billion in profit so far, the Treasury Department said late Wednesday.

    Earlier Wednesday, Citigroup /quotes/comstock/13*!c/quotes/nls/c (C 3.28, -0.01, -0.30%) and Wells Fargo /quotes/comstock/13*!wfc/quotes/nls/wfc (WFC 26.82, -0.03, -0.11%) said they repaid $45 billion that they got from TARP. That brings the total amount repaid into the program to $164 billion, the Treasury explained. Read about Citi and Wells repayments.

    Total repayments by TARP banks should top $175 billion by the end of 2010, cutting taxpayer exposure to the sector by three-quarters, the Treasury estimated

    TARP profit at least $16 bln so far: Treasury - MarketWatch
     
  2. PatekPhilippe
    Offline

    PatekPhilippe Senior Member

    Joined:
    Jul 30, 2009
    Messages:
    8,171
    Thanks Received:
    1,200
    Trophy Points:
    48
    Location:
    Sasebo Japan
    Ratings:
    +1,200
    Kudos to Bush for the TARP program
     
    • Thank You! Thank You! x 1
  3. Chris
    Offline

    Chris Gold Member

    Joined:
    May 30, 2008
    Messages:
    23,154
    Thanks Received:
    1,958
    Trophy Points:
    205
    Location:
    Virginia
    Ratings:
    +2,089
    Fuck Bush the Lesser and the horse he rode in on.
     
  4. Harry Dresden
    Offline

    Harry Dresden Latinum, Plantinum,Silver,Gold Member Supporting Member

    Joined:
    Dec 15, 2008
    Messages:
    52,019
    Thanks Received:
    6,950
    Trophy Points:
    1,860
    Location:
    Nv.
    Ratings:
    +13,650
    he doesnt like horses dipshit...
     
  5. potter 58
    Offline

    potter 58 Active Member

    Joined:
    Jul 31, 2009
    Messages:
    996
    Thanks Received:
    57
    Trophy Points:
    28
    Ratings:
    +57
    no shit Harry he was a a faux cowboy from the beginning, but it worked
     
  6. potter 58
    Offline

    potter 58 Active Member

    Joined:
    Jul 31, 2009
    Messages:
    996
    Thanks Received:
    57
    Trophy Points:
    28
    Ratings:
    +57
    BTW and not all that bright
     
  7. Chris
    Offline

    Chris Gold Member

    Joined:
    May 30, 2008
    Messages:
    23,154
    Thanks Received:
    1,958
    Trophy Points:
    205
    Location:
    Virginia
    Ratings:
    +2,089
    It sure did.

    Then he left office and moved to a gated community.
     
  8. rdean
    Offline

    rdean rddean

    Joined:
    Aug 9, 2009
    Messages:
    60,129
    Thanks Received:
    6,896
    Trophy Points:
    1,840
    Location:
    chicago
    Ratings:
    +14,977
    but but but but but Republicans have saying Obama GAVE the money away. You mean they are PAYING IT BACK????? How can that be? Oh no, what if they are PAYING IT BACK WITH INTEREST???????

    What does that say about the Republicans? Oh the shame of it all! The disgrace!
     
  9. sealybobo
    Offline

    sealybobo Diamond Member

    Joined:
    Jun 5, 2008
    Messages:
    50,617
    Thanks Received:
    3,197
    Trophy Points:
    1,845
    Location:
    Michigan
    Ratings:
    +10,179
    If you recall, Bush's plan was to have zero oversite and zero accountability. Luckily Pelosi & Reed didn't let that happen.

    They wouldn't have paid back the TARP if the GOP/Bush/McCain were in charge.

    Getting the money back was Obama's doing. They didn't like being under the Democrats control.

    Its fun being under the GOP's control if you are a corporation because they don't have any stipulations to taking our money. Just take it. And don't show us where the money went either. That would be wrong.

    Dirty Secret Of The Bailout: Thirty-Two Words That None Dare Utter

    Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.

    Maddening, huh?

    In short, the so-called "mother of all bailouts," which will transfer $700 billion taxpayer dollars to purchase the distressed assets of several failed financial institutions, will be conducted in a manner unchallengeable by courts and ungovernable by the People's duly sworn representatives. All decision-making power will be consolidated into the Executive Branch - who, we remind you, will have the incentive to act upon this privilege as quickly as possible, before they leave office. The measure will run up the budget deficit by a significant amount, with no guarantee of recouping the outlay, and no fundamental means of holding those who fail to do so accountable.

    So if Bush/Paulson got their way, we would not have recouped any of the money.
     
  10. Chris
    Offline

    Chris Gold Member

    Joined:
    May 30, 2008
    Messages:
    23,154
    Thanks Received:
    1,958
    Trophy Points:
    205
    Location:
    Virginia
    Ratings:
    +2,089
    Bush tried to raid the Treasury on his way out of town.
     

Share This Page