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Thread: Banks With Political Ties Got Bailouts, Study Shows

  1. #11
    Educator idk's Avatar
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    Re: Banks With Political Ties Got Bailouts, Study Shows

    Quote Originally Posted by apdst View Post
    Oh, but we were promised all this hope-n-change. What happened to that?
    No no no, you misheard. The line was, "Hope for change!" So just keep hoping.

  2. #12
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    Re: Banks With Political Ties Got Bailouts, Study Shows

    Quote Originally Posted by idk View Post
    No no no, you misheard. The line was, "Hope for change!" So just keep hoping.
    Oh, yeah, ok. Damn the luck!!!
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

  3. #13
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    Re: Banks With Political Ties Got Bailouts, Study Shows

    lobbyists, lobbyists everywhere

    that's what trillions of dollars of hopeful handouts attract

    bankers and brokers, auto companies and unions

    and now (the point)---health care

    insurance companies and phrma bought off the sucker in chief

    or perhaps you didn't hear of obama's secret deal with phrma

    Internal Memo Confirms Big Giveaways In White House Deal With Big Pharma

    byron dorgan sure did

    but his amendment to free up importation fell on the floor

    under heavy pressure from the heavily mortgaged white house

    Byron Dorgan's Drug Importation Amendment Up For Vote

    now dorgan trails in dakota by 22

    RealClearPolitics - Latest Election Polls

    trillions in giveaways gratis

    to whom?

    for what?

    where's the LENDING, mr president?

  4. #14
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    Re: Banks With Political Ties Got Bailouts, Study Shows

    Quote Originally Posted by hazlnut View Post
    I've looked into this, and wanna know which party has typically aways gotten the bulk of the political contributions from the banks??

    Whichever one happens to be in power (or about to be in power) at the time?

    The banks are no dummies. They make big contributions to whomever is the chairman (or about to be) of the finance and banking committees.

    Nobody's clean. (especially the prof )
    And during the eight years of Bush's term, we never heard the end of complaints about how the evil fat cat republican bankers were destroying the country. Are you telling me that that was just hypocritical whining?
    People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.

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    Re: Banks With Political Ties Got Bailouts, Study Shows

    Quote Originally Posted by RightinNYC View Post
    And during the eight years of Bush's term, we never heard the end of complaints about how the evil fat cat republican bankers were destroying the country. Are you telling me that that was just hypocritical whining?
    and i was under the distinct impression that TARP was authorized under the dubya bin lyin regime
    Let me google that for you
    seems that his politically connected, dumb ass political appointee, paulson, handed out party favors to those his party favored:
    ... This paradox highlights the lawlessness of the Bush administration, which has ignored statutory restrictions on TARP and treated it as a slush fund for politically favored supplicants. Although he has strongly criticized President Bush for flouting the law and exceeding his constitutional powers, President-elect Obama has applauded the latest manifestation of that tendency.

    GMAC, which lends money to car dealers and buyers and also has dabbled disastrously in mortgages, has been bleeding billions for more than a year. In November, when it asked the Federal Reserve Board for permission to become a bank, the decision was based largely on the understanding that only financial institutions could receive help from TARP.

    That was the Treasury's position, and it's not hard to understand why. The Emergency Economic Stabilization Act, which created TARP, authorized Treasury Secretary Henry Paulson "to purchase, and to make and fund commitments to purchase, troubled assets from any financial institution," the aim being "to restore liquidity and stability to the financial system."

    But by the time the Federal Reserve approved GMAC's application, Paulson had decided that G.M. and Chrysler, which make not loans but cars, nevertheless could receive $17.4 billion from TARP to tide them over until Congress approves more aid. His epiphany about the meaning of the TARP law came immediately after Congress declined to approve emergency short-term assistance for the carmakers. ...
    The TARP That Covers Everything - Reason Magazine

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    Re: Banks With Political Ties Got Bailouts, Study Shows

    Quote Originally Posted by justabubba View Post
    and i was under the distinct impression that TARP was authorized under the dubya bin lyin regime
    Let me google that for you
    seems that his politically connected, dumb ass political appointee, paulson, handed out party favors to those his party favored:

    The TARP That Covers Everything - Reason Magazine
    I don't think you understood my point.

    I'm well aware that TARP (which was by all measures a resounding success) was authorized during the Bush Administration. That has nothing to do with my larger point, which was that it is hypocritical to accuse one party of being a pawn of the bankers when in reality the bankers (like most industries) dole out their wealth to whoever is in office without regard for party.
    People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.

  7. #17
    Educator ScottD's Avatar
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    Re: Banks With Political Ties Got Bailouts, Study Shows

    Quote Originally Posted by apdst View Post
    Oh, but we were promised all this hope-n-change. What happened to that?
    Oh, I guess we need to blame Obama for the stimulus package that BUSH wrote.

    TARP is Bush's program, not Obama's.

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    Re: Banks With Political Ties Got Bailouts, Study Shows

    w-stands-for-what's-his-name wrote the stimulus?

    LOL!

    did he do the secret deal with phrma, too?

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    Re: Banks With Political Ties Got Bailouts, Study Shows

    and, once more, to quote overburdened obama, "WHERE'S THE LENDING?"

    Obama: It's Time for Banks to Step Up - CBS News

  10. #20
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    Re: Banks With Political Ties Got Bailouts, Study Shows

    Quote Originally Posted by ScottD View Post
    Oh, I guess we need to blame Obama for the stimulus package that BUSH wrote.

    TARP is Bush's program, not Obama's.
    And TARP worked. What's your point?
    People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.

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