Bailout watchdog expects much to remain unrefunded

[actsnoblemartin]

WASHINGTON – The man who watches over the $700 billion in government money given to banks and other institutions to avert a financial collapse said Wednesday he thinks it's too early to say how much will be repaid to the taxpayers.

Just as the Obama administration prepares to announce a new TARP-like program for small community banks, Inspector General Neil Barofsky said he believes that "it's unrealistic to think we're going to get all of that money back."

 

[WillowTree]

WASHINGTON – The man who watches over the $700 billion in government money given to banks and other institutions to avert a financial collapse said Wednesday he thinks it's too early to say how much will be repaid to the taxpayers.

Just as the Obama administration prepares to announce a new TARP-like program for small community banks, Inspector General Neil Barofsky said he believes that "it's unrealistic to think we're going to get all of that money back."

so the damn fool thinks we believed the lie? We knew it was being pissed away. Same with the car companies and the union thugs. Pissed away. All of it.

 

[LibocalypseNow]

Gee ya think? The Socialists are moving us rapidly towards Third World Misery. There will be a day in the not too distant future when our entire nation resembles the great Community Organizer's "organized" Chicago Community. Not a pretty picture. Massive Debt,Massive Unemployment,Education System collapsing,and the Dollar not worth much anymore are now changing our nation into a Third World Banana Republic. Your Dollar is worth less & less every year. The Socialists really are doing all the wrong things at this point. Just take a close look at some of those Banana Republics in Central and South America to see what our nation is going to look like in the near future. When your Dollar starts being worth less & less and there are no jobs,a Third World Banana Republic is only right around the corner. It really is just so sad that more people don't understand this.

 

[Ringel05]

WASHINGTON – The man who watches over the $700 billion in government money given to banks and other institutions to avert a financial collapse said Wednesday he thinks it's too early to say how much will be repaid to the taxpayers.

Just as the Obama administration prepares to announce a new TARP-like program for small community banks, Inspector General Neil Barofsky said he believes that "it's unrealistic to think we're going to get all of that money back."

Nahhhhhh. They'll pay it all back. They said they would.

 

[LibocalypseNow]

Our Socialists here are unfortunately following down the same catastrophic path that all Third World Banana Republics go down. Our Dollar is becoming worthless at this point. This along with massive debt and massive unemployment is only bringing us closer & closer to becoming a Third World Banana Republic. I really do hope more people wake up and give the boot to the Socialists before it's too late.