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I like to make these forums a little fair and balanced. What i did not notice is a post on the TARP money yet. Okay, remember that money that Bush-Obama combined administrations lent out to those nasty banks. Well, guess what? We all are making our money back and then some. YAY Goldman Sachs paid back their TARP money which has resulted in a 23% return on investment for American Tax Payers.
How many of you were making that amount of money on your own investments?
Well, personally i'd like my tax money back now lol
[SIZE=2]"Chafing at the restrictions, and with the cash available to repay the debt, Goldman paid the government the $10 billion to cover the loan. The warrants to purchase common shares, however, remain outstanding."[/SIZE]
Yay and we still have warrants to purchase additional shares in the nations number #1 investment bank. This could turn into a huge return on investment for tax payers as long as Goldman Sachs stock continues to go up!!!
They can pay back the dollars when the curtain is unveiled and it loses 90% of its inherent value as a currency.
I respect your opinion even if some other things have to happen before we are in such a dire position, so what's the current inflation rate ViewFromThePeak?
If the current inflation rate has surprised 8% - 40% i'll start to worry about the value of the US dollar, but as long as the dollars loses value, it could help clean up our trade imbalances and put some exporting workers back to work, so unless we are experiencing rapid inflation, which i do not believe we are, i think you are unjust to feel the way you do. Now, i will hold your sentiment if the Fed Starts to print massive amounts of money to pay for government debt, but that is currently not happening.
You cannot have the dollar just magically loose value without a number of factors most importantly an increase in the money supply and inflation, so please thoroughly explain your response.
Wait, now we are going to complain that the banks are paying us back and our financial system for now, may have been saved from total destruction? Can we pick a side do we want the US to succeed or Fail?
How about the money they got when they took over AIG, will the government get that money back or does it go to profit for Goldman Sachs?
SilverOne, this is an odd question. I'm not sure why the money that Goldman Sachs borrowed would someone how go to AIG or the profit that Goldman Sachs makes would go to AIG? They are two separate companies. We own AIG (we being the tax payers). We also own a rather small portion of Goldman Sachs. Personally, my position is fix AIG, and sell it back to the private sector at a profit for the rest of us tax payers. I'm pretty sure this is the plan of the government. I do not see them attempting to run this company very far into the future. However, they're looking to make a significant profit on it considering they paid 80 billion to own the business. I'm betting they'll sell the company in parts to the private sector hopefully for 110 Billion in total, so we make some sort of profit on it since we are all invested in the darn company.
Wait, now we are going to complain that the banks are paying us back and our financial system for now, may have been saved from total destruction? Can we pick a side do we want the US to succeed or Fail?
I'm afraid that your little "return on investment" has been re-spent 100 times over by the drunken sailor you call "president".
I'm afraid that your little "return on investment" has been re-spent 100 times over by the drunken sailor you call "president".
I would agree it has probably gone to pay for your social security in the near future or perhaps your medicare payment? Do we really want to get into these pointless one sided silly arguments, that hold little weight to the problems we have in America. I highly doubt any of it has gone to pay for a Universal Healthcare system that has yet to go through and be approved by Congress. It is sort of hard to pay for something that isn't even a law yet.
Forgive me if I'm jumping to conclusions on your post, but for some reason, if the money was already spent it most likely went to the two most wasteful social programs we already are finding it hard to support.
You cannot have the dollar just magically loose value without a number of factors most importantly an increase in the money supply and inflation, so please thoroughly explain your response.
Don't hold your breath.
Quote:
Wait, now we are going to complain that the banks are paying us back and our financial system for now, may have been saved from total destruction? Can we pick a side do we want the US to succeed or Fail?
I believe you have forgotten where you are and who you are dealing with.
U.S. Department of the Treasury (“Treasury”) has created 12 separate programs involving Government and private funds of up to almost $3 trillion...
...As detailed in Section 3 of this report, the total potential Federal Government support could reach up to $23.7 trillion...
...This support is spread among numerous Federal agencies, with the Federal Reserve System (“Federal Reserve”), providing one of the largest support packages ($6.8 trillion if each initiative were implemented to its maximum authorized level).
Just go the the little "find" box and type in "trillion"... Have fun...
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