bytor2112 Posted April 15, 2009 Report Posted April 15, 2009 But Dan Mitchell, a senior fellow in economics at the CATO Institute, said policymakers overstated the dire nature of the financial circumstances to justify the bailout. Read article... Quote
jadams_4040 Posted April 15, 2009 Report Posted April 15, 2009 But Dan Mitchell, a senior fellow in economics at the CATO Institute, said policymakers overstated the dire nature of the financial circumstances to justify the bailout. Read article... It was absolutely nessacery. what would have been the human tragedy of letting the banks fail? the only thing that was bad about tarp was the bush administrations handling of the money, there was an awfull lot of money that didnt go where it was supposed to go.:) Quote
Connie Posted April 15, 2009 Report Posted April 15, 2009 Oh, tarps are always a good idea. Especially if your out camping and it starts to rain.... Quote
bytor2112 Posted April 15, 2009 Author Report Posted April 15, 2009 (edited) It was absolutely nessacery. what would have been the human tragedy of letting the banks fail? the only thing that was bad about tarp was the bush administrations handling of the money, there was an awfull lot of money that didnt go where it was supposed to go.:)Are you confined somewhere? On medication? A fifth grader perhaps? That might explain your comments. I would really appreciate it if you would back your statement up by some proof. Something that supports your statement. I get it, you don't like Bush......I am not a huge fan either. But, you make some rather ridiculous assertions. Most of Tarp I money was not used by Bush, it was left for Obama. Obama has deviated from the agreed upon framework for using Tarp money, not Bush. Seriously, dump the kool-aid. Obama is behaving just like the man you loathe. I posted a thread that breaks down how Obama is just like Bush. Do yourself a favor and read it.........http://www.lds.net/forums/current-events/20415-obama-just-like-bush.html Edited April 15, 2009 by bytor2112 Quote
Islander Posted April 15, 2009 Report Posted April 15, 2009 Goldman Sacks wants to return the 10B TARP money. They needed short term loans to backstop a liquidity issue. The "toxic" assets would have taken care of themselves. They were nothing but over-priced assets and a market correction was necessary. Banks fail due to low levels of liquidity. ALL deposits are insured so account holders are fine. If a bank becomes insolvent it should fail and be taken over by the FDIC. The Darwinian theory at its best; ONLY the fit survives. What they should have done is take over any and all insolvent institution and sell them in the open market. Rather, they let them take tax payers money so they can pay themselves billions in bonuses even though they should have been in bankrupcy if it was not for the TARP. The "stimulus package" is nothing but a SPENDING bill that has sunk our nation in the largest deficit in history. They keep bailing out these large insolvent businesses and the small business, the real growth engine of the US economy, keep dying at a rate of 10,000 per quarter. Go figure!!! Quote
Liber Posted April 15, 2009 Report Posted April 15, 2009 Not to far in the future, as our children pay an 80% federal tax to cover the interest on all of this stupidity, Tarp will be the new F word. Tarp off! You son of a tarp! Quote
Islander Posted April 15, 2009 Report Posted April 15, 2009 Not to far in the future, as our children pay an 80% federal tax to cover the interest on all of this stupidity, Tarp will be the new F word. Tarp off! You son of a tarp!LOL...:lol:That was good. "Get the TARP off out of here..." it sounds quite good...LOL:lol::lol: Quote
Palerider Posted April 15, 2009 Report Posted April 15, 2009 It was absolutely nessacery. what would have been the human tragedy of letting the banks fail? the only thing that was bad about tarp was the bush administrations handling of the money, there was an awfull lot of money that didnt go where it was supposed to go.:) lets also not forget he caused the Hurricane....:) Quote
Moksha Posted April 15, 2009 Report Posted April 15, 2009 If we let the US Government fail, would it hasten the return of the Kingdom of Deseret? Quote
PreparednessPro Posted April 15, 2009 Report Posted April 15, 2009 Oh, tarps are always a good idea. Especially if your out camping and it starts to rain.... Good one! Quote
Hemidakota Posted April 16, 2009 Report Posted April 16, 2009 But Dan Mitchell, a senior fellow in economics at the CATO Institute, said policymakers overstated the dire nature of the financial circumstances to justify the bailout. Read article...It was not necessary...stop meddling into the economy unless there is another agenda we are privy too. Quote
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