Article

2011-02-28 Economy

TARP Bailouts to be cheaper than expected

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Posted by Steve White 2011-02-28 10:53|| || Front Page|| [11 views ] Top

#1 I'll take good news this week wherever I find it. If TARP actually works to stabilize the financial system without costing us an arm and a leg, that's good news.

Well, it's not costing us $700B+, anyway. In order to make it impossible to distinguish who should have died and who didn't, the government forced all big banks to take the money "offered". A lot of that was destined to come back from those that did not need it. In my opinion they knew darned well that this money would come back for sure. It's the shaky stuff that I wonder about. Hopefully they will stabilize and be able pay it back over time.

And after all that, Obean will be able to say "See, we only lost $200B" or whatever and claim victory.

Of course, now Obean and crew are treating it as a slush fund.

Posted by gorb 2011-02-28 11:22|| 2011-02-28 11:22|| Front Page Top

#2 TARP is killing you. You're just not seeing it because the assets are artificially lowered in yield by state mandated inflation.

Posted by Bright Pebbles 2011-02-28 11:51|| 2011-02-28 11:51|| Front Page Top

#3 in demonstrating a belief that some companies were too big to fail, the government set a dangerous precedent, opening the door to future crises.

This should be prevented by Dodd/Frank, at least in theory. D/F was passed with the understanding that TARP should not happen again.

Unfortunately, D/F is as poorly written as ObamaCare... so there is really no telling what will happen.

Posted by Free Radical 2011-02-28 14:25|| 2011-02-28 14:25|| Front Page Top

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