[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

trayvon martian parents will never admit ... they raised a worthless, drug-dealing, violent thug --- death was a net gain for society

Conservatives begin backing away after Cliven Bundyís racist remarks

If You Donated to Barack Obama in 2008, Youíre a Bigot and Youíre Fired

shooter ... a member of our "enriching diversity" --- set-up by the white devils

Daily KOS Putz's They are afraid the right wingers are going to revolt

Should Anti Terror Squads Take Rachel Maddow to the woodshed

U.S. District Judge Daniel Hovland Enemy of The People....Enabling the murder of children

86M Full-Time Private-Sector Workers Sustain 148M Benefit Takers

PSALM 144

SNIPER 101 Part 1 - Introduction - Rex Reviews

Bundy Ranch - What You're Not Being Told (Google Assholes Deleting Information)

CUNT: Pelosi Receives Her Baby-Killer Award

Woman run down by freight train ... while running on the tracks --- with headphones on

Dear God ... if you're there --- why? Why? Why?

URGENT! Militias Are Mobilizing to the Cliven Bundy ranch (videos)

The Gay ... Thought Police --- unFreedom of Speech - religion

Firefox Replacement

Buchanan: Is God On Russia's Side?

An Open Letter to the Legislatures of New Jersey and Rhode Island: Are you seriously proposing to have your own skulls turned into soap dishes?

Wargaming the opening blows of civil war in Connecticut. The lessons of Waco and the phrase that the smartest state cops in CT are most afraid of

cultural quagmire must be reversed ... blind eye - pointing fingers --- making black problems worse.

Is the world ... on the eve --- of destruction?

Court rules lesbian chef is owed $1.6M after boss prayed to 'cure her of her sexuality'

Zombie apocalpyse has begun ... invasion of the body snatchers --- trayvon martians !

Room 310

Mozilla employees want brand new CEO Brendan Eich to resign, already (Because He Doesn't Take It Up The Ass)

The Delphi Technique ó What Is It?

Clint Richardson - Common Core, Agenda 21, And Global Privatization

Faggots Saved Up Their Shit And Put It In Little Bags To Throw At The Decent Folks

format who cater to ... Atheists, Elites, Homosexuals, Filthy Hippies, Baby Killers, Flag Burners, Tree Huggers, Democrats, Socialists, Marxists, Progressives, Communists, Islamofascists --- every Left Wing Whacko group in the world.

Sailors Leaving The Navy Because Obama is a Pole Sucking Faggot pushing Sexual Perversion on them

Piece of Shit Rick Libero Arrests Man For Drinking Iced Tea

More Murdering Piece of Shit Pigs...Kill Camper

Yemeni Told Wife on Phone He Was Being Devoured by Hyena

Dying Zoo Worker Gets Goodbye Kiss From Giraffe

hard core Obamaite's heads are exploding. .. All those years indoctrinating kids --- may go out the window.

Buchanan: Is Putin The Irrational One?

Michigan Man Charged With Felony After Exceeding Public Comment Time Limit

Have the Last Rites been given to LF? Yukon outed himself as a faggot and is now ashamed and mad about it

Michelle Obama is a man, baby!

Rand Paul And Berkeley: Libertarian And Liberal Hotbed Find Common Cause Opposing NSA

Ron Paul Slams Us On Crimea Crisis And Says Russia Sanctions Are 'An Act Of War'

do not fly in planes who have muzlims pilot ... you never know --- they get brain washed

Liberals know it ... thus the perpetual assault --- on the family - religion.

The Bull

It's Who You Know

A song

Many times ... you can judge a person --- by the character of his enemies.

black attacks white ... white guy defends self --- HE's the racist killer - utter BS

When government wants to be your church ... your country is --- in serious trouble


Status: Not Logged In; Sign In

Corrupt Government
See other Corrupt Government Articles

Title: Big Companies HAVENíT Repaid Tarp Funds Ö And Funds to Help Homeowners HAVENíT Been Paid (Obama rips off the 99%)
Source: ZeroHedge
URL Source: http://www.zerohedge.com/contribute ... 9t-repaid-tarp-funds-%E2%80%A6
Published: Apr 30, 2012
Author: George Washington
Post Date: 2012-04-30 05:07:13 by hondo68
Keywords: a loss of $60 billion, Taxpayers owed $118.5 billion, TARP money goes to banks
Views: 180
Comments: 1

Apologists for government bailouts push two main myths:

  • That all of the bailout funds have been repaid
  • That the bailouts helped the average American

But the official government overseer of the Tarp bailout program – the special inspector general for TARP, Christy L. Romero – has debunked both myths.

Today, Romero wrote the following to Congress:

After 3½ years, the Troubled Asset Relief Program (“TARP”) continues to be an active and significant part of the Government’s response to the financial crisis. It is a widely held misconception that TARP will make a profit. The most recent cost estimate for TARP is a loss of $60 billion. Taxpayers are still owed $118.5 billion (including $14 billion written off or otherwise lost).

And earlier this month, Romero stated that the portion of the Tarp funds which were supposed to help homeowners haven’t been disbursed:

A fund to support homeowners in the communities hit hardest by the collapse of the housing bubble has disbursed just 3 percent of its budget and aided only 30,640 homeowners in the two years since its creation, according to a report released on Thursday by a federal watchdog office.

 

The Hardest Hit Fund, which was created in the spring of 2010, grants money to state housing finance agencies for efforts to help families that are facing foreclosure. It has “experienced significant delay” because of “a lack of comprehensive planning” by the Treasury Department and limited participation by Fannie Mae, Freddie Mac and the large mortgage servicers, said the report by the special inspector general for the Troubled Asset Relief Program.

“Look at the TARP money that goes out to the banks,” said Special Inspector General Christy Romero in an interview with The Huffington Post. “That goes out in a matter of days. This has been two years and only 3 percent of these funds have trickled out to homeowners.”

Indeed, bailing out the big banks hurts - rather than helps - the American economy.  See this, this and this.   (And it doesn't take a PhD economist to guess that using bailout funds to buy gold toilet seats and prostitutes is probably not the best way to stimulate the economy as a whole).

The only way to really stimulate the economy would be for the government to give money to the little guy on Main Street – instead of the big boys on Wall Street.  And see this.

Yet the big banks continue today to be bailed out through a wide variety of overt and hidden schemes … while the little guy gets nothing.

This is true even though the American people were opposed to the bank bailouts from day one, and continue to oppose them:

As I’ve noted since 2008, Americans are united in their overwhelming disapproval for bailouts to the big banks.

 

This has remained true right up to today.

 

As Rassmussen found only last month (as summarized by KXLF news):

Today’s Rasmussen Reports survey finds that most Americans don’t like bailouts for financial institutions.

60% Oppose Financial Bailouts; 74% Say Wall Street Benefited Most

 

Survey of 1,000 American Adults

 

***

 

• Just 20% think it was a good idea for the government to provide bailout funding to banks and other financial institutions, but 60% say otherwise.

 

• While many activists try to link the Republican Party and Wall Street, Republicans think the bailouts were a bad idea by an eight-to-one margin.

 

• Those not affiliated with either major party think they were a bad idea by a four-to-one margin. Democrats are much more evenly divided. Thirty-four percent (34%) of those in the president’s party say the bailouts were a good idea while 42% disagree.

 

• Overall, 68% believe that most of the bailout money went to the very people who created the nation’s ongoing economic crisis, but 12% disagree and 21% aren’t sure.

 

[And see this]

 

As the Washington Post’s Greg Sargent notes, the recent proposal from lobbyists to the American Bankers Association recommending ways to co-opt the Occupy movement accurately stated:

Well-known Wall Street companies stand at the nexus of where OWS protestors and the Tea Party overlap on angered populism. Both the radical left and the radical right are channeling broader frustration about the state of the economy and share a mutual anger over TARP and other perceived bailouts. This combination has the potential to be explosive later in the year when media reports cover the next round of bonuses and contrast it with stories of millions of Americans making do with less this holiday season.

 

(Except that it is the majority of Americans – not “extremists” on either side of the aisle – that share this anger).

 

The “Tea Party” movement was centered on the protesting government bailouts of the giant banks, before it was hijacked by the mainstream Republican party, Sarah Palin, Neocons and others. See this, this, this, this and this.

 

Ron Paul said last month at a GOP debate:

Bailouts came from both parties…. If you have to give money out, you should give it to people losing their mortgages, not to the banks.

 

And one of the most common sayings of Occupy Wall Street protesters is:

Banks got bailed out. We got sold out

(See this and this.)


Poster Comment:

Obama gave all of Joe The Plumber's money to the banks, and the 99% got zip!

Wealth spread, to wealthy campaign contributors. The poor, unemployed, and destitute get a shuck 'n jive story about O'deadbeat killing Osama Bin Laden.

Post Comment   Private Reply   Ignore Thread  


TopPage UpFull ThreadPage DownBottom/Latest

#1. To: hondo68 (#0)

That's correct.

Bill Black: Our System Is So Flawed That Fraud Is Mathematically Guaranteed Tyler Durden's picture Submitted by Tyler Durden on 04/28/2012 09:41 -0400

www.zerohedge.com/news/bi...mathematically-guaranteed

“When plunder becomes a way of life for a group of men in a society, over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it."

- Frederic Bastiat

mcgowanjm  posted on  2012-04-30   9:36:51 ET  Reply   Trace   Private Reply  


TopPage UpFull ThreadPage DownBottom/Latest

[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Please report web page problems, questions and comments to webmaster@libertysflame.com