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Old 10-22-2009, 05:43 PM   #11
z06boy
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Quote:
Originally Posted by pauldun170 View Post
That's the plan...

Take your crappy loan and shove it up your ass.
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Old 10-22-2009, 10:48 PM   #12
zer0t
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Paying back the TARP will do nothing. Besides of the 1+ trillion dollar bailout the TARP (advertised as 700 bln) was only 350 bln because the rest was used for other programs e.g. making home affordable, which didn't help anyone afford their home; and a variety of pet projects like a tax subsidy for a company that makes arrows in Ohio. A large portion of TARP has been paid back by a variety of firms, did that money got back into the federal reserve or get destroyed (shrinking the money supply)?

Another thing to remember is that the 100 bln consumed by AIG wasn't TARP money but a loan from the NY Federal Reserve Bank.

A really good question is to ask what happened to all the money? Congress wants restrictions on spending and pay caps because a combination of corporate America and the greedy public (some not all folks) caused a blow that cost the tax payers 350 bln+. Even if we ascribe the entire 1 trln to this we are left with another 9 trln in debt. Why wouldn't congress and the president cap spending and work for free? Somone please point out one time in the past when congress voted a pay cut for themselves? Or tried to cap spending--and actually did it.
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Last edited by zer0t; 10-22-2009 at 10:50 PM..
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Old 10-22-2009, 11:21 PM   #13
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I was actually just thinking about the senate having virtually an unlimited salary.. try sticking a cap on that shit then we'll see some return.
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