[oddone]

The tarp programme has so far only given bumper time for the filthy rich to "position" themselves to skim cream and secure wealth. Not a dime has successfully trickled down to job loosers, defaulters & such.

Are we going Icelands way? There is nothing like the wrath of the patient man...

[mintdollar]

Financial Meltdown: The TARP Dog and Pony Show
Treasury Secretary Timothy Geithner's long-awaited plan for rescuing the banks left people even more confused about the Obama administration's agenda than they had been before the announcement. This is best demonstrated by the plunge in the market, including bank stocks, that immediately followed. While it is generally foolish to assess the merits of a policy based on the market's response, it is a safe bet that if the plan were the unambiguous bonanza for the banks that many of us feared, bank stocks would rally based on their good fortune. At this point, we cannot be sure that it is not a giveaway, but apparently the banks do not seem to think that it is. This is one of those cases where everything will depend on the details, which we have not yet seen.

The one program that Geithner did outline with some clarity was a plan to buy up newly issued investment-grade securities backed up by car loans, credit-card debt, and student loans. This plan would expand a Federal Reserve Board initiative, which has not yet been started, from $100 billion to $1 trillion.

http://waronyou.com/topics/financial-me ... -pony-show
http://waronyou.com/topics/the-spy-fact ... ght-police

[SeaGypsy]

The Aussies have taken 1 step forward; giving $900 to everyone who lodged a tax form last year.

How about we rewrite the system fast track social banking, bankrupt all the bastards who heped bring this about (except PO ers of course) then share out the wealth reposessed to the people?

[Fishman]

I like your idea Seagypsy. I'll move strongly into tobacco and alcohol stocks, perhaps fast cars and certainly into trauma medical supplies. We should have "reaccumulation" within about 12 months.

[SeaGypsy]

Farking brilliant Fishman!

The undertaking business is thriving also! A couple of sheets of ply, a couple of fake brass handles and a lick of paint; Bob's your uncle!

Add a horse drawn hertz& watch the bucks roll in as the boxes roll out!

[mattduke]

$this->bbcode_second_pass_quote('', 'T')here was plenty of outrage on Capitol Hill last week over the executive bonuses paid out by AIG after getting federal bailout money. But another money trail could make voters just as angry: the campaign dollars to members of Congress from banks and firms that have received billions via the Troubled Asset Relief Program.

[Plantagenet]

The donations from banks mentioned in the Newsweek article are mostly tiny compared to the $100,000+ donations that Chris Dodd, Obama, and the Democratic Party all got from AIG in 2008.

[auscanman]

An inevitable outcome, and another massive move towards outright fascism.

[deMolay]

What is really going on here? http://online.wsj.com/article/SB123879833094588163.html

[jbrovont]

Which bank? Your source sites hearsay as their source in an op-ed, from Andrew Napolitano who isn't much different from Wesley Schreiber, except that he says what he's told to say instead of what he wants to say.

Hearsay aside, most of acadamia won't accept Fox News as a source anymore because they've damaged their credibility so badly, and despite that - they're a "meta-news" organization. They just repackage news from other investigative sources, so regardless, their news can't technically be considered a first party source anyway.

Where's that "Aww jeeze" picture mos?

$this->bbcode_second_pass_quote('deMolay', 'W')hat is really going on here?
Here's a true story first reported by my Fox News colleague Andrew Napolitano (with the names and some details obscured to prevent retaliation). Under the Bush team a prominent and profitable bank, under threat of a damaging public audit, was forced to accept less than $1 billion of TARP money. The government insisted on buying a new class of preferred stock which gave it a tiny, minority position. The money flowed to the bank. Arguably, back then, the Bush administration was acting for purely economic reasons. It wanted to recapitalize the banks to halt a financial panic.
http://online.wsj.com/article/SB123879833094588163.html

[deMolay]

When did the Wall Street Journal become FoxNews. So wipe that last little bit of Bullshit from your Lips.

[mos6507]

$this->bbcode_second_pass_quote('jbrovont', '
')Where's that "Aww jeeze" picture mos?

[deMolay]

Looks like Obama is setting up to game the system and the Taxpayers. http://www.nationalpost.com/opinion/columnists/story.html?id=4e73a5b2-20f1-4b6c-9f4e-00014032e2b1

[Jotapay]

If you accept bailout money, it comes with strings attached. There are conditions to which you agree that give the federal government the right to do things which it otherwise did not have the right to do under the constitution. That is why they are doing this.

[jbrovont]

Lol read your own article dude. "So and so at Fox News told me." I even quoted it for you in the event you missed (or just didn't bother to read) it. Op-ed isn't a source, it's an opinion. The op-ed cites a Fox News reporter as a third party source for the information their opinion is based on.

I suspect that from your reaction to my dismantling of this person's thesis you're emotionally invested in it? My apologies for offending you, however my analysis stands: the author of the source you cite, cites a third party meta-news organization generally accepted to be severely biased and unreliable. We're already to "he said, she said that he said." See a problem here? Hence, without any other supporting information or avenue to research the basis information (name of the bank?) I must conclude this author's thesis fails even a superficial consideration.

I'm not saying they're wrong, or that they're an idiot, or that you're an idiot for agreeing/disagreeing/posting it. You asked "what's really going on here?" my short response is "You can't tell because the source isn't reliable for data, and there isn't enough information provided to check it."

Open up your local newspaper and read some opinion pieces. No doubt you'll find some stuff that makes you go "omg this person's an idiot." Newspapers don't check the reliability of the sources you base your opinion on when you write an op-ed piece - they only check that they *have* references (sometimes). That's how "idiots" get published in op-ed pieces. It doesn't mean the information is reliable. All it means is that the editor agreed with them, disagreed but thought they'd publish it anyway, or needed to fill a space for the day because the other op-ed they had was about mac & cheese vs. lasagna.

$this->bbcode_second_pass_quote('deMolay', 'W')hen did the Wall Street Journal become FoxNews. So wipe that last little bit of Bullshit from your Lips.

[deMolay]

Hi Bro go blow a dead...It was a WSJ article that mentioned he is a sometimes commentator on FOX. Big deal. He has been on Fox. And you still have some of that BS dripping from the corner of your mouth. Get it cleaned up.

[jbrovont]

I have an idea! Maybe if you swear at me enough and graphically insult me, the article the link points to will magically change! Hmm... yeah, nope. Bummer. (+1 zinger)

Here's your serving of fresh baked crow:

$this->bbcode_second_pass_quote('', 't')op stories in Opinion

[deMolay]

Lets go back to the beginning Brovant. I posted an article from WSJ. Stating that Obama had refused repayment of taxdollars from TARP. You flipped because it came from a source accepted by WSJ but somehow tainted in your pea brain mind. Because said source had also sold his services to my God Fox News. He didn't have the PC Leftwing certification required by Brovant. Actually Brovant there are other sources claiming the same thing. Yes I'm biased against stupidity. Printing money like the Kid from Midvale School for the gifted, Obama is stupid. My only regret is falling for your bait. Will I apologise to a useful idiot like yourself never. Go Blo A Dead.....

[deMolay]

Brovant one last comment Google is alive with many and varied sources of the same info. When you are a useful idiot like yourself. And accept as fact only one source of information as fact, that being the Brovant, leftwing PC version of events. You are setting yourself up to be a victim of the system that will devour you. Now Go Blow A Dead.....http://www.google.ca/search?hl=en&q=Obama+refuses+repayment+of+TARP+money&btnG=Google+Search&meta=&aq=f&oq=

[jbrovont]

Well see now we're getting somewhere! I read through the first two pages of google links you posted; poked around a little - mostly reprints and excerpts of the original WSJ piece you posted, but here's an exception I found:
Yahoo Finance

And another Bloomberg
(April 2nd, 2009)
$this->bbcode_second_pass_quote('', 'L')ewis said in March that Bank of America would like to repurchase preferred shares sold to the U.S. government by the end of this year. That comment was made before Lewis and CEOs of other large U.S. banks met with President Barack Obama, who cautioned the executives to retain capital in case the economy worsened, Lewis said today.

“The president said we need to make sure the financial system is in proper shape and we don’t have a head fake.”