Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I know that many on the Left and Right are upset about the bailouts. The Tea Party is mad because it jacked up our debt. Occupy Wall Street is mad because it rewarded criminal behavior. I have an idea of something real and satisfying we can do.
We can have one-time tax on all institutions and individuals who benefited from the bailouts in the full amount of the money they received plus interest. That money will go directly to paying down the debt. Not one dime of it will be spent on anything else. This will just be a one-time corrective of lousy policy.
This will be mainstreet's way -- rich, poor, left, right ... basically all Americans who didn't benefit from TARP -- of letting the banksters know they didn't get away with it. Their actions had consequences after all.
Tarp was paid back, with interest. With the interest, it brought Bush's debt when he left office, down.
Bent, I have heard that tired line too... I have also heard that that's just a stupid shell game that was played to give the illusion of being paid back.
We need to call all loans from the Treasury -- payable immediately. You can't borrow money from me to "pay back" a loan I gave you. Sorry. I'm not that stupid. Go find a congressman if you want to play that game.
I know that many on the Left and Right are upset about the bailouts. The Tea Party is mad because it jacked up our debt. Occupy Wall Street is mad because it rewarded criminal behavior. I have an idea of something real and satisfying we can do.
We can have one-time tax on all institutions and individuals who benefited from the bailouts in the full amount of the money they received plus interest. That money will go directly to paying down the debt. Not one dime of it will be spent on anything else. This will just be a one-time corrective of lousy policy.
This will be mainstreet's way -- rich, poor, left, right ... basically all Americans who didn't benefit from TARP -- of letting the banksters know they didn't get away with it. Their actions had consequences after all.
Is this something you can support?
Fortunately, Wall Street did pay back TARP. Unfortunately, Detroit still owes us.
Fortunately, Wall Street did pay back TARP. Unfortunately, Detroit still owes us.
Shore, Wall Street borrowed money from the Treasury to "pay back" TARP. You see the problem with that? Let's get our money back for realsies, shall we?
As I was saying, we should get our money back. One-time tax -- seize assets, do what we need to do.
Nice try. The program was a way to force the banks to lend. It. Ears zero resemblance to TARP.
From your link.
""If a bank's small business lending increases by 10% or more, then the rate will fall to as low as 1%. Banks that increase their lending by amounts less than 10% can benefit from rates set between 2% and 4%." Meanwhile, those that take the cash and don't lend will be punished. "If lending does not increase in the first two years, however, the rate will increase to 7%. After 4.5 years, the rate will increase to 9% if the bank has not already repaid the SBLF funding.""
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
