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Wouldn't it be nice to have hundreds of billions of taxpayer dollars at your disposal to invest with, and if you made money, get to keep it all, and if you lost, you get bailed out? That is what the taxpayer has done for the Government Sachs rich boys, thanks to Paulsen & Geithner.
I just can't comprehend how this company came out smelling like a rose, I mean after all, all their former executives have been running/involved with the government for years now.
Wasn't there supposed to be oversight, controls and transparency on the TARP money?
Wasn't there supposed to be oversight, controls and transparency on the TARP money?
This is just outrageous.
No, just gov't spending. Just like our endless wars where the Pentagon revealed it has lost 2.3 trillion (no, that's not a misprint) since 2001, the billions and eventual trillions in TARP are being administered by the same sick crew. There should have been no TARP or any other money--those funds should have been directed to buy actual tarps for people displaced by the collapse, and the government should have stayed the hell out. What do you call it when the government props up private enterprise? Not the S word? Socialism? Of course, we have been practicing it for a long time (witness the Chrysler bailout in the 70s)- sure, it helped keep some people working, but if that's what we want our government to do, then let's be honest. Now we have Chrysler again failing, along with other major segments of the American economy and we are again being dishonest to our capitalist system. Let'em fail. America's strength has been creativity and growth--let's have some more.
No, just gov't spending. Just like our endless wars where the Pentagon revealed it has lost 2.3 trillion (no, that's not a misprint) since 2001, the billions and eventual trillions in TARP are being administered by the same sick crew. There should have been no TARP or any other money--those funds should have been directed to buy actual tarps for people displaced by the collapse, and the government should have stayed the hell out. What do you call it when the government props up private enterprise? Not the S word? Socialism? Of course, we have been practicing it for a long time (witness the Chrysler bailout in the 70s)- sure, it helped keep some people working, but if that's what we want our government to do, then let's be honest. Now we have Chrysler again failing, along with other major segments of the American economy and we are again being dishonest to our capitalist system. Let'em fail. America's strength has been creativity and growth--let's have some more.
Yes, I believe that the war machine has been the greatist drain of taxpayer funds, but now the bank bailout and 'stimulus' has added an even a greater burden to the taxpayer.
I just can't comprehend how this company came out smelling like a rose, I mean after all, all their former executives have been running/involved with the government for years now.
Wasn't there supposed to be oversight, controls and transparency on the TARP money?
This is just outrageous.
Actually no, there was nothing with TARP. TARP was a blank check that Paulsen and Bernake pushed on Congress. The wording was such that they could do whatever they wanted with that money.
And GS and JPM will be the last men standing. Between those two, they OWN the US and it's government.
It's true, the bankers really do rule.
"He who has the money gets to make the rules".
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