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Old 11-07-2011, 10:41 AM
 
277 posts, read 228,649 times
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the bank bailout was repaid

but the fannie/freddie/aig/gm bailouts have not been
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Old 11-07-2011, 10:43 AM
 
277 posts, read 228,649 times
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Quote:
Originally Posted by Cletus Awreetus-Awrightus View Post
not really. we need to focus on reforming the financial system, to prevent future debt bubbles, .
the 'debt bubble' was caused by the federal government
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Old 11-07-2011, 10:44 AM
 
3,457 posts, read 3,621,416 times
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Quote:
Originally Posted by Retired Marine 1967 View Post
the bank bailout was repaid
Not quite.

Total Wall Street Bailout Cost - SourceWatch


Quote:
Originally Posted by Retired Marine 1967 View Post
the 'debt bubble' was caused by the federal government
the Federal Government had the Fed pump money into the private banking system.
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Old 11-07-2011, 10:49 AM
 
277 posts, read 228,649 times
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Quote:
Originally Posted by Cletus Awreetus-Awrightus View Post
Not quite.




yes quite

With Fifth Third Out, Banks Have Repaid 99% of TARP - WSJ.com

as of march, bank repayment under the Troubled Asset Relief Program at 99%.

Quote:
Through the repayments announced Wednesday, as well as dividends and interest, taxpayers have recovered about $244 billion of the $245 billion in TARP funds disbursed to banks, the Treasury said..
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Old 11-07-2011, 10:50 AM
 
8,629 posts, read 9,128,782 times
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I've got a good idea. Those working American tax payers who owe money to the big banks, announce: "Hey, we paid you back!" And just keep telling them that over and over again.......................... Even-Steven.
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Old 11-07-2011, 10:58 AM
 
12,997 posts, read 13,637,138 times
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Quote:
Originally Posted by jmking View Post
I've got a good idea. Those working American tax payers who owe money to the big banks, announce: "Hey, we paid you back!" And just keep telling them that over and over again.......................... Even-Steven.
Or how about this? Let's do a calculation of what the bailouts cost each individual American. Any American who owes money to any institution that took a bailout should be able to deduct that amount from the balance -- plus interest of course.

If we're going to get out from underneath the rule of the banksters, we have to start coming up some real, workable ideas to screw them for screwing us. Deficating in the doorways of their branch offices is childish. Let's come up with a real way to send the message: don't steal from me, *****!
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Old 11-07-2011, 10:59 AM
 
3,457 posts, read 3,621,416 times
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Quote:
Originally Posted by Retired Marine 1967 View Post
yes quite

With Fifth Third Out, Banks Have Repaid 99% of TARP - WSJ.com

as of march, bank repayment under the Troubled Asset Relief Program at 99%.
bailouts include more than just TARP. you should try reading the link I posted before you go dig up something that doesn't address my argument.
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Old 11-07-2011, 12:20 PM
 
Location: Old Town Alexandria
14,492 posts, read 26,584,391 times
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Quote:
Originally Posted by WestCobb View Post
Here we go. Here's what happened.

Banks Pay Back TARP Funds by. . .Borrowing From Treasury | Daniel Gross - Yahoo! Finance

As I was saying, we should get our money back. One-time tax -- seize assets, do what we need to do.

++ facts are always hard for some to face...
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Old 11-07-2011, 12:23 PM
 
Location: Old Town Alexandria
14,492 posts, read 26,584,391 times
Reputation: 8971
Quote:
Originally Posted by jmking View Post
I've got a good idea. Those working American tax payers who owe money to the big banks, announce: "Hey, we paid you back!" And just keep telling them that over and over again.......................... Even-Steven.
You can....file Chapter 13 and live for free in your home. No interest goes to the bank...make ur montly pymnt then sell 3 yrs later if the market gets better.
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Old 11-07-2011, 12:24 PM
 
3,045 posts, read 3,191,740 times
Reputation: 1307
Quote:
Originally Posted by WestCobb View Post
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.
You know plenty of those entities have paid all of that money back and others are paying interest do you not? It sounds as if you don't.

Every American benefitted from TARP. Another large bank failing would have sent the economy into a tailspin and would have stopped lending even more. Incidentally, small companies rely on banks for lending for operational expenses. You know, those things like payroll.

How about spending some more time reading about TARP and less time getting emotional.
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