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Thread: US To Lose $400 Billion on Fannie, Freddie, Wallison Says

  1. #21
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    Re: US To Lose $400 Billion on Fannie, Freddie, Wallison Says

    Quote Originally Posted by RightinNYC View Post
    They're paying us back plus interest.
    okay. now. how did they "make" that money that they paid us back with?

    hint: the Fed gave it to them.

    that's "gave", you'll note. not "loaned".

    we gave them the money they paid us back with, and then we announced the program had been a success.
    Last edited by cpwill; 01-09-10 at 10:34 PM.

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    Re: US To Lose $400 Billion on Fannie, Freddie, Wallison Says

    Quote Originally Posted by RightinNYC View Post
    As you note, they're essentially interchangeable.
    I wish. if the government were held accountable like the people are, we would be able to put these people in jail for a laundry list of crimes.

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    Re: US To Lose $400 Billion on Fannie, Freddie, Wallison Says

    Quote Originally Posted by cpwill View Post
    okay. now. how did they "make" that money that they paid us back with?
    They raised it through stock sales and public offerings.

    hint: the Fed gave it to them.
    Nope.

    that's "gave", you'll note. not "loaned".

    we gave them the money they paid us back with, and then we announced the program had been a success
    Again, you're misunderstanding how these programs worked.

    (The amount of money the government gave the banks) + ($19b) = (The amount of money the banks returned to the government)


    Quote Originally Posted by cpwill View Post
    I wish. if the government were held accountable like the people are, we would be able to put these people in jail for a laundry list of crimes.
    This doesn't make sense based on what we were talking about, but please, feel free to list the crimes that "government" is committing.
    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: US To Lose $400 Billion on Fannie, Freddie, Wallison Says

    Quote Originally Posted by cpwill View Post
    actually the stock market tends to agree with The Prof.
    In what way?

    typical recovery quarters see growth in terms of 8% out of a dip.
    Did you miss the phrase "Stock Market" because the rest of your post doesn't discuss it?
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: US To Lose $400 Billion on Fannie, Freddie, Wallison Says

    Quote Originally Posted by RightinNYC View Post
    (The amount of money the government gave the banks) + ($19b) = (The amount of money the banks returned to the government)
    alright, we need to break this up because i think i see where we are getting split apart.

    several banks that were initially solid (and thus forced to take TARP funding whether they wanted it or not) have indeed repaid us.

    those banks that were not solid, have not repaid us the money we have given them; in particular (this is what I was trying to point out), claims of their recovery via their ability to pay are built on sand, as they have often been getting the money that they have been paying us back with (and this is important) from us.

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    Re: US To Lose $400 Billion on Fannie, Freddie, Wallison Says

    Quote Originally Posted by cpwill View Post
    alright, we need to break this up because i think i see where we are getting split apart.

    several banks that were initially solid (and thus forced to take TARP funding whether they wanted it or not) have indeed repaid us.

    those banks that were not solid, have not repaid us the money we have given them; in particular (this is what I was trying to point out), claims of their recovery via their ability to pay are built on sand, as they have often been getting the money that they have been paying us back with (and this is important) from us.
    Again, this is just plain wrong. The government is turning a profit. Saying it's not so doesn't make it not so.

    Please list some of the banks that you believe fall into the latter category.
    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: US To Lose $400 Billion on Fannie, Freddie, Wallison Says

    Quote Originally Posted by cpwill View Post

    those banks that were not solid, have not repaid us the money we have given them; in particular (this is what I was trying to point out), claims of their recovery via their ability to pay are built on sand, as they have often been getting the money that they have been paying us back with (and this is important) from us.
    Do you have evidence of this?

    While it is a fact that many TARP banks are using TARP money to buy US debt and are using the differential between the interest on TARP and interest on US debt to pay back the debt, there's no way at current rates that alone can account for the interest much less the principle.

    In the past months, most repayments have come from equity sales. Do you have evidence that the US government made purchases in those equity offerings?
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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