Trader Joe Posted December 7, 2009 Author Report Share Posted December 7, 2009 Don't remember seeing this before....good graphic.....me rie-key Link to comment Share on other sites More sharing options...
PyurAureo Posted December 7, 2009 Report Share Posted December 7, 2009 What happens to all the repaid TARP funds? Does it get retired and the whole thing just vanish? Does the tax payer still get reamed? How else would it happen ??? Link to comment Share on other sites More sharing options...
psyche doctor Posted December 7, 2009 Report Share Posted December 7, 2009 Not even close. They have the ability to use it as slush fund for everything from deficit reduction to extended unemp beni's, to new yob work programs One of the slicker moves by the Dems when Bush & Co put this up for vote....the Dems said NO NO NO, but voted YES YES YES, because they new it would be repaid, and then put in language to keep the funds available after repayment.. Well played Didn't know the details of it, but assumed that the tax payer would take a very large, blunt instrument up the arse. What a travesty. Like Ags said, it is the biggest hiest in history. Link to comment Share on other sites More sharing options...
Trader Joe Posted December 7, 2009 Author Report Share Posted December 7, 2009 Started a position in this today @$26.25 Not going hog wild though.....total position will probably be no more than 1,000 shares, maybe 2,000 Link to comment Share on other sites More sharing options...
psyche doctor Posted December 7, 2009 Report Share Posted December 7, 2009 How else would it happen ??? I knew this would get a response. Link to comment Share on other sites More sharing options...
Trader Joe Posted December 7, 2009 Author Report Share Posted December 7, 2009 Although, admittedly, the banks are probably the least risky when compared to other various beneficiaries __________________________________ Current List of Bailout Expenditures: Last updated: November 10, 2009 TARP Fund Expenditures: * Capital Purchase Program (banks): $133.8 * Systemically Significant Failing Institutions (AIG): $134 * Term Asset-Backed Securities Loan Facility: Data Unavailable * Targeted Investment Program (additional funds for Citigroup and Bank of America): $40 * Automotive Industry Financing Program (Chrysler/GM): $73.35 * Homeowner Affordability and Stability (mortgage lenders): 27.3 * Auto Supplier Support Program (auto parts suppliers)v: $3.5 * Public-Private Investment Program (toxic asset purchases, March 2009): $10.75 Non-TARP Expenditures: * Freddie Mac: $50.7 * Fannie Mae: $59.9 Total: $533.3 BILLION Link Link to comment Share on other sites More sharing options...
capitall Posted December 7, 2009 Report Share Posted December 7, 2009 It's just the completion of the biggest heist ever in the history of the world...Helo Ben actually said the taxpayer will make a great "income" from all the repaid TARP funds....wtf ? Anyone here get their shares in the mail ??? I nearly threw the fax machine through the TV before I fell asleep in my chair the last hour of the day this is so rigged..."Income ?????"" are you f"in kidding me ? Where's my shares ? Where's the receipts ? Where's the money trail ? Was the check cut to Turbo Timmy and the Fed ? Where did the money go ? Where is my income ? I ain't seen nothing yet other then getting a letter my property taxes just went up 25 % ...... Wanna pay off the national debt ? Set up a booth and charge 5 bucks a pop to take a swing at Helo Ben Turbo Timmy...Pimpco's new hire Kashandkarry...Stutterring Hank...and every filthy steaming pile off dog sheet CEO who orchestrated this scam.....budget would be balanced in a week....&^*((*&&^^####,,,,,,,!!!!!.....now where's the Tylenol Wow, Ags. I'm impressed. That's absolutely the first proposal for how to significantly reduct the national debt that I've ever heard that sounds like it would actually work. ----- TJ, I hope U R right that the repaid TARP funds are available to be used elsewhere. If we can somehow all pressure the government to use them in some useful ways rather than throwing them down the terlit in some way, that would be good. Link to comment Share on other sites More sharing options...
Drano Posted December 7, 2009 Report Share Posted December 7, 2009 So there's going to be "selective" use of the bailout ripoff dollars. http://news.yahoo.com/s/ap/20091207/ap_on_...e/us_obama_jobs I'm sure everything will be determined in a fair and equitable manner to be sure that the money only goes to exactly the places where it will do the most good. Link to comment Share on other sites More sharing options...
Ags Nightmare Posted December 7, 2009 Report Share Posted December 7, 2009 Homeowner Affordability and Stability (mortgage lenders): 27.3 This program was an absolute scam and utter failure..... the Making Homes Less Affordable Program Link to comment Share on other sites More sharing options...
ChicagoBear Posted December 7, 2009 Report Share Posted December 7, 2009 Don't remember seeing this before....good graphic.....me rie-key Hey, that's cool. Where'd it come from? Link to comment Share on other sites More sharing options...
DrStool Posted December 7, 2009 Report Share Posted December 7, 2009 Hey, that's cool. Where'd it come from? I think it was AZ_Rainman over on Bears Shat. Link to comment Share on other sites More sharing options...
DrStool Posted December 7, 2009 Report Share Posted December 7, 2009 http://forums.wallstreetexaminer.com/index...st&p=880277 Link to comment Share on other sites More sharing options...
TenaciousG Posted December 7, 2009 Report Share Posted December 7, 2009 Doc, It's so 2012! Way ahead of the pack on this one. Name one other board that has their own doomsday graphic. Link to comment Share on other sites More sharing options...
capitall Posted December 7, 2009 Report Share Posted December 7, 2009 May I remind everyone that we have Congressional elections coming up in less than a year. So all of us who don't like the folks we have in Congress have some time to find more suitable candidates, as I am trying to do. I would like a candidate who would pledge to accept no Special Interest Group campaign contributions, someone who has a reputation in the community for being honest and for doing real public service. I want someone who cares more about Main Street than about GS bonuses. I don't want to "Just say No" and just vote out the incumbent. I want someone worth saying Yes to. Who knows? The public could get somewhere, if enough people get tired enough of Benny, Timmy and their defenders in Congress, to actually be moved to do something about them. Ags, don't get too discouraged. If your thing is not political action, then maybe you can just go for a run and get some of the frustration out of your body. You are bright and caring and deserve good things. I am sure you can find some constructive action to take that will help you to feel better, even if it is just for yourself and/or your friends and family, and not anything political or wide-ranging. And the same for other Stoolies who may be getting discouraged. Call me an eternal optimist, but I think it is possible to work some of these things out. And I think we all need to take good care of ourselves, because we are the kind of bright caring folks who could end up helping our various countries and the world to solve the economic problems that face us. So if we don't have the solutions yet (other than Ag's impressive solution to the national debt), we should just care for and preserve ourselves-- go get some exercise or see a funny movie or do something fun like Hanky is doing, skiing out there this week I think-- until such time as thnking constructively about problem-solving becomes possible again. Link to comment Share on other sites More sharing options...
psyche doctor Posted December 7, 2009 Report Share Posted December 7, 2009 The saga continues in a shocker. Tiger's wife Elin apparently has had enough and has moved out. Will the world ever be the same? Linkage Link to comment Share on other sites More sharing options...
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