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Thread: Occupy Philadelphia costs city $400,000 in police surveillance

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    Re: Occupy Philadelphia costs city $400,000 in police surveillance

    Quote Originally Posted by toomuchtime_ View Post
    Nope.


    The bank bailout -- part of the Troubled Asset Relief Program -- is now $6 billion in the black, a profit that might ultimately rise to $20 billion, according to the Treasury.

    Bank bailout turns a profit - Mar. 30, 2011
    You might want to check the treasury site. On the daily report for all of TARP 413.24 was disbursed and cash back so far is 316.30

    Daily TARP Update

    And here is the three year report

    TARP Three Year Anniversary Report

    In passing the Emergency Economic Stabilization Act (EESA) in 2008, Congress originally authorized $700 billion for TARP. That authority was reduced to $475 billion by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) becoming law in July 2010. Of the $413 billion disbursed to date, the government, as of August 31, 2011, has already received back a total of $314 billion, representing more than 76 percent of all TARP investments.

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    Re: Occupy Philadelphia costs city $400,000 in police surveillance

    Quote Originally Posted by What if...? View Post
    Your article says that TARP will ultimately cost taxpayers $19 billion.
    The CBO estimates it will ultimately cost taxpayers $19 billion, but the Treasury, which keeps the books on the program, claims it has already shown a profit of $6 billion.

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    Re: Occupy Philadelphia costs city $400,000 in police surveillance

    Quote Originally Posted by toomuchtime_ View Post
    The CBO estimates it will ultimately cost taxpayers $19 billion, but the Treasury, which keeps the books on the program, claims it has already shown a profit of $6 billion.
    That is just the banking part.

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    Re: Occupy Philadelphia costs city $400,000 in police surveillance

    Quote Originally Posted by winston53660 View Post
    You might want to check the treasury site. On the daily report for all of TARP 413.24 was disbursed and cash back so far is 316.30

    Daily TARP Update

    And here is the three year report

    TARP Three Year Anniversary Report

    In passing the Emergency Economic Stabilization Act (EESA) in 2008, Congress originally authorized $700 billion for TARP. That authority was reduced to $475 billion by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) becoming law in July 2010. Of the $413 billion disbursed to date, the government, as of August 31, 2011, has already received back a total of $314 billion, representing more than 76 percent of all TARP investments.
    I'm guessing the Treasury is counting the value of stock and warrants it still holds.

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    Re: Occupy Philadelphia costs city $400,000 in police surveillance

    Quote Originally Posted by winston53660 View Post
    That is just the banking part.
    You're right. The CBO estimate is counting losses from auto industry bailout and from the mortgage modification program, but the Wall Street (banks) bailout has turned a profit for taxpayers.

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    Re: Occupy Philadelphia costs city $400,000 in police surveillance

    Quote Originally Posted by toomuchtime_ View Post
    I'm guessing the Treasury is counting the value of stock and warrants it still holds.
    It is all there at links I posted.

    It is really kinda neat.

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    Re: Occupy Philadelphia costs city $400,000 in police surveillance

    Quote Originally Posted by winston53660 View Post
    It is all there at links I posted.

    It is really kinda neat.
    Bottom line, the bank bailout did not turn out to be a disaster, yet the protesters at the Occupy movements still act as if it were.

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    Re: Occupy Philadelphia costs city $400,000 in police surveillance

    Quote Originally Posted by toomuchtime_ View Post
    Bottom line, the bank bailout did not turn out to be a disaster, yet the protesters at the Occupy movements still act as if it were.

    I think you are missing the OWSers point. They feel as though the bailout benefited the wealthiest disproportionately. And that these people were the very same ones whom brought the nation's and the world's financial system to the brink of collapse.

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    Re: Occupy Philadelphia costs city $400,000 in police surveillance

    Funny how there were no complaints over the cost of the many Tea Party protests a few years ago.....
    PeteEU

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    Re: Occupy Philadelphia costs city $400,000 in police surveillance

    Quote Originally Posted by PeteEU View Post
    Funny how there were no complaints over the cost of the many Tea Party protests a few years ago.....
    What were the costs?
    "I condemn the ideology of White Supremacy and Nazism. They are thugs, criminals, and repugnant, and are against what I believe to be "The American Way" "
    Thus my obligatory condemnation of White supremacy will now be in every post, lest I be accused of supporting it because I didn't mention it specifically every time I post.

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