Nay Sayers Wrong Again: TARP Not End Of world!!!

[rightwinger]

The bad news is that you can't undo TARP and then see what might have happened.

But if you're into sticking pins into voodoo dolls......

Monday Morning Quarterbacking is always an effective strategy

 

[saveliberty]

It worked. The socialist part I mean. TARP members gave themselves huge bonuses for tricking the government out of taxpayer money. Then the socialist decided they looked foolish, so they capped income of the executives.

 

[Oddball]

The bad news is that you can't undo TARP and then see what might have happened.

But if you're into sticking pins into voodoo dolls......

Monday Morning Quarterbacking is always an effective strategy

And that's exactly what you're doing.

You're invoking the fallacy of post hoc ergo propter hoc.

 

[Liability]

The bad news is that you can't undo TARP and then see what might have happened.

But if you're into sticking pins into voodoo dolls......

Monday Morning Quarterbacking is always an effective strategy

And that's exactly what you're doing.

You're invoking the fallacy of post hoc ergo propter hoc.

I just love a good and amusing case of liberal fallacy diagnosed in Latin!

 

[ihopehefails]

I think if you look at my earlier post (#3), I credited both Bush and Obama for recognizing that the financial sector must be saved

Then why should your side take any credit for it since it was Bush who signed it into law.

Side? I am on Americas side

TARP worked and I am crediting everyone who supported it.

And to those who still oppose it? NYA..NYA

The last time I checked banks are still not lending and are simply holding onto funds. Have you noticed they have been cutting limits on credit cards and not handing out so many. Have you noticed less offers for home loans on TV? This is a sign that banks are not lending and they are not lending because they are holding bad assets that they have to cover.

 

[DiveCon]

TARP worked so well that the private sector is only losing 10,000 jobs a month instead of 20,000!!


I guess that is what Democrats call progressivism!!!


Until the Dems perform some real substantial progress, you can kiss A##!!

Try using the actual numbers.

Prior to TARP we were losing 750,000 jobs per month

Last month it was down to 11,000 jobs per month


Like it or not...TARP worked....Thanks to Bush and Obama

do you even begin to understand how STUPID that was?
do you realize that there are not that many more jobs that could be cut?
when you already have over 10% of the populace out of work in a 300,000,000+ population what that means?

 

[Chris]

Oh, so Obama says and all is good and right in the world.....thanks, I feel much better now.

BTW, how's that recovery.org working out?

Really well.

Thanks for asking.

 

[saveliberty]

$787b. would have been a disaster. Apparently they didn't use anywhere near that number. That is the reason we aren't as bad off. 106 banks might dispute whether TARP worked or not.

FDIC: Failed Bank List

 

[Care4all]

FYI-We had over 9000 banks fail in the Great depression.

I did not support TARP but since our government insures bank failures, we do not know what the picture would look like, if TARP had not been done....it COULD BE that all of the ones bailed, could have failed and the usa gvt would have been responsible for covering their customer losses as well?

 

[saveliberty]

FYI-We had over 9000 banks fail in the Great depression.

I did not support TARP but since our government insures bank failures, we do not know what the picture would look like, if TARP had not been done....it COULD BE that all of the ones bailed, could have failed and the usa gvt would have been responsible for covering their customer losses as well?

The return of many TARP funds and the insistance by government that some banks take the money are both strong indicators that the program was not needed to begin with.

 

[amrchaos]

FYI-We had over 9000 banks fail in the Great depression.

I did not support TARP but since our government insures bank failures, we do not know what the picture would look like, if TARP had not been done....it COULD BE that all of the ones bailed, could have failed and the usa gvt would have been responsible for covering their customer losses as well?

The return of many TARP funds and the insistance by government that some banks take the money are both strong indicators that the program was not needed to begin with.

The return of funds do not mean a thing.


Also, with a large number of banks failings during the past year, the funds were desperately needed by many financial institutions and found not to be enough.

Why some banks got funds and said they did not need is propbably due to a number of reasons.

Maybe it was a blunder in the governance of the policy.
Or Maybe it was intentionally done to keep account holders from knowing which banks were troubled and thus stopping a potential run on accounts.


Who actually knows.

 

[Liability]

It turns out,

TARP does mark the beginning of

THE END OF THE WORLD!

[ame]http://www.youtube.com/watch?v=0l-GpISGBFY[/ame]

 

[uscitizen]

Last time I checked our economy is in the process of making an unprecedented recovery. Considering the state we were in just one year ago, the stock market is up 54%, housing sales up 27%, leading economic indicators up for eight consecutive months and just yesterday we had the fewest jobs lost in two years

Good news....unless you are one of those rooting for the economy to fail

Got to admit. It is an unprecedented recovery. Ive never seen a recovery where things get worse.

Now since you guys are all saying that TARP worked, what exactly has it done?

I thought the jobless recovery rell under the category of a recovery that got worse?

 

[saveliberty]

FYI-We had over 9000 banks fail in the Great depression.

I did not support TARP but since our government insures bank failures, we do not know what the picture would look like, if TARP had not been done....it COULD BE that all of the ones bailed, could have failed and the usa gvt would have been responsible for covering their customer losses as well?

The return of many TARP funds and the insistance by government that some banks take the money are both strong indicators that the program was not needed to begin with.

The return of funds do not mean a thing.


Also, with a large number of banks failings during the past year, the funds were desperately needed by many financial institutions and found not to be enough.

Why some banks got funds and said they did not need is propbably due to a number of reasons.

Maybe it was a blunder in the governance of the policy.
Or Maybe it was intentionally done to keep account holders from knowing which banks were troubled and thus stopping a potential run on accounts.


Who actually knows.

I get it, you have no idea. Probably should have kept that to yourself.

 

[uscitizen]

FYI-We had over 9000 banks fail in the Great depression.

I did not support TARP but since our government insures bank failures, we do not know what the picture would look like, if TARP had not been done....it COULD BE that all of the ones bailed, could have failed and the usa gvt would have been responsible for covering their customer losses as well?

Only their govt insured losses would be covered.

 

[Liability]

Last time I checked our economy is in the process of making an unprecedented recovery. Considering the state we were in just one year ago, the stock market is up 54%, housing sales up 27%, leading economic indicators up for eight consecutive months and just yesterday we had the fewest jobs lost in two years

Good news....unless you are one of those rooting for the economy to fail

Got to admit. It is an unprecedented recovery. Ive never seen a recovery where things get worse.

Now since you guys are all saying that TARP worked, what exactly has it done?

I thought the jobless recovery rell under the category of a recovery that got worse?

You have saved for retirement 1 million dollars! But it is mysteriously being siphoned away. Every day, for a while, you lose .010% of your wealth. After a series of daring financial moves, you slow the rate of loss to .0095% per day.

Hallelujah!

You may sleep easy now. Just call it a recovery!

 

[amrchaos]

The return of many TARP funds and the insistance by government that some banks take the money are both strong indicators that the program was not needed to begin with.

The return of funds do not mean a thing.


Also, with a large number of banks failings during the past year, the funds were desperately needed by many financial institutions and found not to be enough.

Why some banks got funds and said they did not need is propbably due to a number of reasons.

Maybe it was a blunder in the governance of the policy.
Or Maybe it was intentionally done to keep account holders from knowing which banks were troubled and thus stopping a potential run on accounts.


Who actually knows.

I get it, you have no idea. Probably should have kept that to yourself.

Only when it comes to the banks that recieved funds that did not need them.

But there were Banks and other financial institutions that needed the money.

 

[kwc57]

TARP worked so well that the private sector is only losing 10,000 jobs a month instead of 20,000!!


I guess that is what Democrats call progressivism!!!


Until the Dems perform some real substantial progress, you can kiss A##!!

You do realize that TARP is the acronym for Troubled Asset Relief Program and has absolutely nothing to do with employment......don't you?

 

[kwc57]

Unprecedented my ass. We're paying people to buy houses, We're paying stock brokers to buy stock and we're calling a reduction of .2 percent in unemployment - which likely only represents people whose unemployment has run out- and annualized economic growth for one quarter of just under 3 percent in the last quarter when we were also paying people to buy cars an unprecedented recovery. What's next? Shit really is shinola?

Seriously? Where do you sign up to get paid to buy a house? I've still got about 20 years of $1200 per month payments and I'd love to get in on this.

 

[kwc57]

It worked. The socialist part I mean. TARP members gave themselves huge bonuses for tricking the government out of taxpayer money. Then the socialist decided they looked foolish, so they capped income of the executives.

You shouldn't post if you don't know what you are talking about.

BofA CEO Ken Lewis To Get No Pay in '09

Capping a year in which he faced shareholder fury, regulatory scrutiny and was stripped of his chairman post, outgoing Bank of America Corp. CEO Ken Lewis will get no salary or bonus for 2009 under an agreement with the government's pay czar.

Kenneth Feinberg, the U.S. Treasury Department's special master for compensation who is scrutinizing pay packages at bailed-out banks, suggested that Lewis should get no pay for the year. Lewis agreed, Bank of America spokesman Robert Stickler said Thursday.

In fact, Lewis will pay back about $1 million he has received so far out of a $1.5 million annual salary.

"He will write a check to the company," Stickler said, adding that Lewis agreed to the proposal because he felt it was not in the bank's best interest "to get into a dispute with the paymaster."...............

BofA CEO Ken Lewis To Get No Pay in '09 - CBS News