Now you are buying into the B.S. in believing it's ben repaid..... Banks were billions in the hole. We gave them billions more. They were some how able to unbury themselves out of this billions of bad debt and also make enough to pay back the billions we gave them? No ****ing way.Either way it was a Bush program not an Obama program. I would have let them fail but regardless those were loans and most of them have been repaid. Using the Savings and Loan crisis was no where near the magnitude of the TARP bailouts.
No, we placed the combined who knows how many billions of bad debt onto the books of Fannie Mae and are expecting the tax payers to pay it off. I've seen a few rumblings about placing this money back onto the backs of the banks and I certainly hope I do, but I'm not going to hold my breath.
NO, it has not been paid back.
yes, I buy it because it is accounted for. Most of the major banks have repaid, the problem is with Fannie and Freddie along with AIG.
TARP Repayments Surpass Loans - WSJ.com
"He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
Last edited by Conservative; 09-03-11 at 08:06 PM.