Okay, I read the farking article, and I still don't know.

Henry Paulson doled it out to all his Wall Street buddies.

Those bankers don't bribe Congress because they're civic minded, you know.

Half of it as Christmas bonuses for people who tried running their companies into the ground, the rest held back for bonuses/compensation after they actually succeed at running their companies into the ground?

$500 hammers for everyone!

Vacations, spa treatments, and big time Christmas bonuses for the fine folk who ran our country in to the ground.

We would have been better off if the Treasury used the money to build a memorial to George W. Bush. (At least it would have generated some employment and spending.)

/// Could you get a pyramid for $350 Billion?

I know the other half of the bailout money is supposed to be approved by congress. It's wishful thinking on my part, but I really hope they say no to it because the 1st half of the money was not used appropriately.

notmtwain: /// Could you get a pyramid for $350 Billion?

The initial gubmint bid, yes.

The actual construction? Not so much. But then again, the gubmint tends to pay for that too, so why bother with time, budgets and other little details?

/Never met a contractor who could do a job by the set deadline for the agreed sum
//Wish there was a hunting-quota for scum like that

Okay, where's the outrage??? People riot in Greece when a kid gets shot AND the cop goes to jail (????); but we just sit here in THIS country, dumb and happy, while Wall Street fat cats RAID OUR GOD-DAMNED TAX REVENUE! WTF!?

It's OK. We'll just lower taxes to pay for it.

GIVE.

IT.

BACK.

/With interest.

Never saw this coming...nope, never.

They used for the mayor of Detroit and the governor of Illinois and the senator from Alaska?

Dear Wallstreet:

Go fark yourselves. Truly. May you suffer through the Festival of a Thousand Papercuts, followed by the Celebration of Icy-Hot Applied Generously to Testicles, and then followed by the Feast of Rosie O'Donnell's Vagina.

Seriously. Jump, you farkers.


Flipping you all off,
RR

Cornwell: /Never met a contractor who could do a job by the set deadline for the agreed sum



The new 35w Bridge in Minneapolis was completed early and I'm pretty sure on budget.

/You probably never met the contractor, though.

All snark aside, this administration, with complete complicity from Democrats, has been doing basically this since day one.

Remember how we went to war based on lies and then when we got there we hired all of Bush's friends in the defense industry to drive tankers of gasoline to our troops at like 100x the cost?

Or how about when Wolfie had LITERALLY pallets of cash go missing?

The neocon plan has been, from day one, to secure the oil fields in the Middle East, start a perpetual war, and bankrupt the United States so that they can get rid of medicare, social security and any other "entitlement" program.

And they are insanely brazen about doing it too, literally lining up the Enrons, Haliburtons, and AIGs to the trough and letting the big pigs eat all they want from the treasury.

But you know, when some of us complained about war spending, I remember most of you Fark Independents making all kinds of arguments like: those tax dollars go back into the economy! and Support the troops!

Blah blah...

You're all a bunch of hypocrites.

Gone baby gone.

Please sir, can I have some more?

Let's see, the article is crap so here is the answer:

First of all, the Treasury has spent $350 Billion, not $700.

Now to the answer, The US Treasury now owns shares of:
Bank of America Corporation $15,000,000,000
Bank of New York Mellon Corporation $3,000,000,000
Citigroup Inc. $25,000,000,000
The Goldman Sachs Group, Inc. $10,000,000,000
JPMorgan Chase & Co. $25,000,000,000
Morgan Stanley $10,000,000,000
State Street Corporation $2,000,000,000
Wells Fargo & Company $25,000,000,000
Merrill Lynch & Co., Inc $10,000,000,000
Bank of Commerce Holdings $17,000,000
1st FS Corporation $16,369,000
UCBH Holdings, Inc. $298,737,000
Northern Trust $1,576,000,000
SunTrust Banks, Inc. $3,500,000,000
Broadway Financial Corporation $9,000,000 Par
Washington Federal Inc.$200,000,000 Par
BB&T Corp.$3,133,640,000 Par
Provident Bancshares Corp.$151,500,000 Par
Umpqua Holdings Corp. $214,181,000 Par
Comerica Inc. $2,250,000,000 Par
Regions Financial Corp.$3,500,000,000 Par
Capital One Financial Corporation $3,555,199,000 Par
First Horizon National Corporation $866,540,000 Par
Huntington Bancshares $1,398,071,000 Par
KeyCorp $2,500,000,000 Par
Valley National Bancorp $300,000,000 Par
Zions Bancorporation$1,400,000,000 Par
Marshall & Ilsley Corporation $1,715,000,000 Par
U.S. Bancorp $6,599,000,000 Par
TCF Financial Corporation$361,172,000 Par
First Niagara Financial Group $184,011,000 Par
HF Financial Corp.$25,000,000 Par
Centerstate Banks of Florida Inc. $27,875,000 Par
City National Corporation $400,000,000 Par

The rest of the regional banks that are now partially owned by our tax dollars:

11/21/2008 First Community Bankshares Inc. Bluefield VA Purchase Preferred Stock w/Warrants $41,500,000 Par
11/21/2008 Western Alliance Bancorporation Las Vegas NV Purchase Preferred Stock w/Warrants $140,000,000 Par
11/21/2008 Webster Financial Corporation Waterbury CT Purchase Preferred Stock w/Warrants $400,000,000 Par
11/21/2008 Pacific Capital Bancorp Santa Barbara CA Purchase Preferred Stock w/Warrants $180,634,000 Par
11/21/2008 Heritage Commerce Corp. San Jose CA Purchase Preferred Stock w/Warrants $40,000,000 Par
11/21/2008 Ameris Bancorp Moultrie GA Purchase Preferred Stock w/Warrants $52,000,000 Par
11/21/2008 Porter Bancorp Inc. Louisville KY Purchase Preferred Stock w/Warrants $35,000,000 Par
11/21/2008 Banner Corporation Walla Walla WA Purchase Preferred Stock w/Warrants $124,000,000 Par
11/21/2008 Cascade Financial Corporation Everett WA Purchase Preferred Stock w/Warrants $38,970,000 Par
11/21/2008 Columbia Banking System, Inc. Tacoma WA Purchase Preferred Stock w/Warrants $76,898,000 Par
11/21/2008 Heritage Financial Corporation Olympia WA Purchase Preferred Stock w/Warrants $24,000,000 Par
11/21/2008 First PacTrust Bancorp, Inc. Chula Vista CA Purchase Preferred Stock w/Warrants $19,300,000 Par
11/21/2008 Severn Bancorp, Inc. Annapolis MD Purchase Preferred Stock w/Warrants $23,393,000 Par
11/21/2008 Boston Private Financial Holdings, Inc. Boston MA Purchase Preferred Stock w/Warrants $154,000,000 Par
11/21/2008 Associated Banc-Corp Green Bay WI Purchase Preferred Stock w/Warrants $525,000,000 Par
11/21/2008 Trustmark Corporation Jackson MS Purchase Preferred Stock w/Warrants $215,000,000 Par
11/21/2008 First Community Corporation Lexington SC Purchase Preferred Stock w/Warrants $11,350,000 Par
11/21/2008 Taylor Capital Group Rosemont IL Purchase Preferred Stock w/Warrants $104,823,000 Par
11/21/2008 Nara Bancorp, Inc. Los Angeles CA Purchase Preferred Stock w/Warrants $67,000,000 Par
12/5/2008 Midwest Banc Holdings, Inc. Melrose Park IL Purchase Preferred Stock w/Warrants $84,784,000 Par
12/5/2008 MB Financial Inc. Chicago IL Purchase Preferred Stock w/Warrants $196,000,000 Par
12/5/2008 First Midwest Bancorp, Inc. Itasca IL Purchase Preferred Stock w/Warrants $193,000,000 Par
12/5/2008 United Community Banks, Inc. Blairsville GA Purchase Preferred Stock w/Warrants $180,000,000 Par
12/5/2008 Wesbanco Bank Inc. Wheeling WV Purchase Preferred Stock w/Warrants $75,000,000 Par
12/5/2008 Encore Bancshares Inc. Houston TX Purchase Preferred Stock w/Warrants $34,000,000 Par
12/5/2008 Manhattan Bancorp El Segundo CA Purchase Preferred Stock w/Warrants $1,700,000 Par
12/5/2008 Iberiabank Corporation Lafayette LA Purchase Preferred Stock w/Warrants $90,000,000 Par
12/5/2008 Eagle Bancorp, Inc. Bethesda MD Purchase Preferred Stock w/Warrants $38,235,000 Par
12/5/2008 Sandy Spring Bancorp, Inc. Olney MD Purchase Preferred Stock w/Warrants $83,094,000 Par
12/5/2008 Coastal Banking Company, Inc. Fernandina Beach FL Purchase Preferred Stock w/Warrants $9,950,000 Par
12/5/2008 East West Bancorp Pasadena CA Purchase Preferred Stock w/Warrants $306,546,000 Par
12/5/2008 South Financial Group, Inc. Greenville SC Purchase Preferred Stock w/Warrants $347,000,000 Par
12/5/2008 Great Southern Bancorp Springfield MO Purchase Preferred Stock w/Warrants $58,000,000 Par
12/5/2008 Cathay General Bancorp Los Angeles CA Purchase Preferred Stock w/Warrants $258,000,000 Par
12/5/2008 Southern Community Financial Corp. Winston-Salem NC Purchase Preferred Stock w/Warrants $42,750,000 Par
12/5/2008 CVB Financial Corp Ontario CA Purchase Preferred Stock w/Warrants $130,000,000 Par
12/5/2008 First Defiance Financial Corp. Defiance OH Purchase Preferred Stock w/Warrants $37,000,000 Par
12/5/2008 First Financial Holdings Inc. Charleston SC Purchase Preferred Stock w/Warrants $65,000,000 Par
12/5/2008 Superior Bancorp Inc. Birmingham AL Purchase Preferred Stock w/Warrants $69,000,000 Par
12/5/2008 Southwest Bancorp, Inc. Stillwater OK Purchase Preferred Stock w/Warrants $70,000,000 Par
12/5/2008 Popular, Inc. San Juan PR Purchase Preferred Stock w/Warrants $935,000,000 Par
12/5/2008 Blue Valley Ban Corp Overland Park KS Purchase Preferred Stock w/Warrants $21,750,000 Par
12/5/2008 Central Federal Corporation Fairlawn OH Purchase Preferred Stock w/Warrants $7,225,000 Par
12/5/2008 Bank of Marin Bancorp Novato CA Purchase Preferred Stock w/Warrants $28,000,000 Par
12/5/2008 Bank of North Carolina Thomasville NC Purchase Preferred Stock w/Warrants $31,260,000 Par
12/5/2008 Central Bancorp, Inc. Somerville MA Purchase Preferred Stock w/Warrants $10,000,000 Par
12/5/2008 Southern Missouri Bancorp, Inc. Poplar Bluff MO Purchase Preferred Stock w/Warrants $9,550,000 Par
12/5/2008 State Bancorp, Inc. Jericho NY Purchase Preferred Stock w/Warrants $36,842,000 Par
12/5/2008 TIB Financial Corp Naples FL Purchase Preferred Stock w/Warrants $37,000,000 Par
12/5/2008 Unity Bancorp, Inc. Clinton NJ Purchase Preferred Stock w/Warrants $20,649,000 Par
12/5/2008 Old Line Bancshares, Inc. Bowie MD Purchase Preferred Stock w/Warrants $7,000,000 Par
12/5/2008 FPB Bancorp, Inc. Port St. Lucie FL Purchase Preferred Stock w/Warrants $5,800,000 Par
12/5/2008 Sterling Financial Corporation Spokane WA Purchase Preferred Stock w/Warrants $303,000,000 Par
12/5/2008 Oak Valley Bancorp Oakdale CA Purchase Preferred Stock w/Warrants $13,500,000 Par
12/12/2008 Old National Bancorp Evansville IN Purchase Preferred Stock w/Warrants $100,000,000 Par
12/12/2008 Capital Bank Corporation Raliegh NC Purchase Preferred Stock w/Warrants $41,279,000 Par
12/12/2008 Pacific International Bancorp Seattle WA Purchase Preferred Stock w/Warrants $6,500,000 Par
12/12/2008 SVB Financial Group Santa Clara CA Purchase Preferred Stock w/Warrants $235,000,000 Par
12/12/2008 LNB Bancorp Inc. Lorain OH Purchase Preferred Stock w/Warrants $25,223,000 Par
12/12/2008 Wilmington Trust Corporation Wilmington DE Purchase Preferred Stock w/Warrants $330,000,000 Par
12/12/2008 Susquehanna Bancshares, Inc Lititz PA Purchase Preferred Stock w/Warrants $300,000,000 Par
12/12/2008 Signature Bank New York NY Purchase Preferred Stock w/Warrants $120,000,000 Par
12/12/2008 HopFed Bancorp Hopkinsville KY Purchase Preferred Stock w/Warrants $18,400,000 Par
12/12/2008 Citizens Republic Bancorp, Inc. Flint MI Purchase Preferred Stock w/Warrants $300,000,000 Par
12/12/2008 Indiana Community Bancorp Columbus IN Purchase Preferred Stock w/Warrants $21,500,000 Par
12/12/2008 Bank of the Ozarks, Inc. Little Rock AR Purchase Preferred Stock w/Warrants $75,000,000 Par
12/12/2008 Center Financial Corporation Los Angeles CA Purchase Preferred Stock w/Warrants $55,000,000 Par
12/12/2008 NewBridge Bancorp Greensboro NC Purchase Preferred Stock w/Warrants $52,372,000 Par
Date Transaction Type Description
12/12/2008 Sterling Bancshares, Inc. Houston TX Purchase Preferred Stock w/Warrants $125,198,000 Par
12/12/2008 The Bancorp, Inc. Wilmington DE Purchase Preferred Stock w/Warrants $45,220,000 Par
12/12/2008 TowneBank Portsmouth VA Purchase Preferred Stock w/Warrants $76,458,000 Par
12/12/2008 Wilshire Bancorp, Inc. Los Angeles CA Purchase Preferred Stock w/Warrants $62,158,000 Par
12/12/2008 Valley Financial Corporation Roanoke VA Purchase Preferred Stock w/Warrants $16,019,000 Par
12/12/2008 Independent Bank Corporation Ionia MI Purchase Preferred Stock w/Warrants $72,000,000 Par
12/12/2008 Pinnacle Financial Partners, Inc. Nashville TN Purchase Preferred Stock w/Warrants $95,000,000 Par
12/12/2008 First Litchfield Financial Corporation Litchfield CT Purchase Preferred Stock w/Warrants $10,000,000 Par
12/12/2008 National Penn Bancshares, Inc. Boyertown PA Purchase Preferred Stock w/Warrants $150,000,000 Par
12/12/2008 Northeast Bancorp Lewiston ME Purchase Preferred Stock w/Warrants $4,227,000 Par
12/12/2008 Citizens South Banking Corporation Gastonia NC Purchase Preferred Stock w/Warrants $20,500,000 Par
12/12/2008 Virginia Commerce Bancorp Arlington VA Purchase Preferred Stock w/Warrants $71,000,000 Par
12/12/2008 Fidelity Bancorp, Inc. Pittsburgh PA Purchase Preferred Stock w/Warrants $7,000,000 Par
12/12/2008 LSB Corporation North Andover MA Purchase Preferred Stock w/Warrants $15,000,000 Par

So if you see your bank on this list, then hopefully if you need a car loan or small business loan, you will get one.

Marcus Aurelius: Henry Paulson doled it out to all his Wall Street buddies.

Those bankers don't bribe Congress because they're civic minded, you know.

If only the UAW and GM had good lobbyists.

timmy_the_tooth: Support the troops

#1: Nothing is wrong with supporting the troops. Ever. Supporting a war (especially an unjust one) is completely different; supporting your troops, ensuring as best we can their (and my own) safety there, hoping they get back home and whatnot is a farking given, asshole. That is a farking given. I guess it's easy to sit back in your chair say how it should and shouldn't be done, how about you get your hypocrite ass up and do something for your country and community, you dick. War farking sucks, and this one was completely mishandled, but if my ass if going over there, you better damn well be sure to at least provide some sense that you give a shiat about me and the rest of us getting back home.

timmy_the_tooth: The neocon plan

#2: Anyone who says "the neocon plan" is just as batshiat crazy as the people whom they accuse of being the equivalent of Dr. Doom.

According to some news sources, they celebrated the $700 billion bailout with an $800 billion executive party:

Link (new window)

RoxtarRyan: #2: Anyone who says "the neocon plan" is just as batshiat crazy as the people whom they accuse of being the equivalent of Dr. Doom.

I didn't coin the phrase, they did.

But sure, the real problem is the TERMS. I should have called it the Double Plus Good Plan For American Security!

RoxtarRyan: I guess it's easy to sit back in your chair say how it should and shouldn't be done, how about you get your hypocrite ass up and do something for your country and community, you dick.

Hi, I'm a vet, my father is a vet, and both my grandfathers are veterans.

War veterans.

Good try.

timmy_the_tooth: Hi, I'm a vet, my father is a vet, and both my grandfathers are veterans.
War veterans.
Good try.

Some of the dumbest farkers I've ever met were in the military.

/and some of the brightest as well
//too bad the dumb ones breed too damn much

RoxtarRyan: Dear Wallstreet:

Go fark yourselves. Truly. May you suffer through the Festival of a Thousand Papercuts, followed by the Celebration of Icy-Hot Applied Generously to Testicles, and then followed by the Feast of Rosie O'Donnell's Vagina.

Seriously. Jump, you farkers.


Flipping you all off,
RR

This x 700 billion.

RoxtarRyan: //too bad the dumb ones breed too damn much

That's coz those durn condums r to hard to figger out!

RoxtarRyan: Some of the dumbest farkers I've ever met were in the military.

You're in the military I take it?

Up in smoke
That's where my money goes
In my lungs
and sometimes, up my nose
When troubled times
Begin to bother me
I take a toke
and all my cares
Go up in smoke

RoxtarRyan: timmy_the_tooth: The neocon plan

#2: Anyone who says "the neocon plan" is just as batshiat crazy as the people whom they accuse of being the equivalent of Dr. Doom.

Even the people who identify as neo-conservatives and aren't at all shy about their views and the plans they have to implement them?

FTFA: House Speaker Nancy Pelosi was reduced to scolding Bush and Paulson after the fact for their failure to use the money to help homeowners.

Fark you, Nancy. I'd rather see that money be burned than use it to subsidize some irresponsible jackass' mortgage.

When it all goes to shiat, I hope Paulson is being burned alive along with the prominent Senators who helped get us in the mess.

No one to blame but everyone who voted.

HotWingConspiracy: Even the people who identify as neo-conservatives and aren't at all shy about their views and the plans they have to implement them?

Addition: anyone who thinks they are Dr. Doom also qualifies batshiat crazy.

Displaying 33 of 33 comments and no mention of hookers and blow?

wolvernova: Fark you, Nancy. I'd rather see that money be burned than use it to subsidize some irresponsible jackass' mortgage.

Speaking as someone who chose to continue to rent instead of use the hundreds of thousands of dollars my bank had pre-approved me for, I understand you. But you watch what happens if millions are foreclosed on while the banks are being handed cash hot off the printing press.

What happened to all the bailout money?

1. Hookers
2. Blow

And where are the Farkers who were crying about the "partisan" republicans who voted against the bailout?

RoxtarRyan: timmy_the_tooth: Support the troops

#1: Nothing is wrong with supporting the troops. Ever. Supporting a war (especially an unjust one) is completely different; supporting your troops, ensuring as best we can their (and my own) safety there, hoping they get back home and whatnot is a farking given, asshole. That is a farking given. I guess it's easy to sit back in your chair say how it should and shouldn't be done, how about you get your hypocrite ass up and do something for your country and community, you dick. War farking sucks, and this one was completely mishandled, but if my ass if going over there, you better damn well be sure to at least provide some sense that you give a shiat about me and the rest of us getting back home.

Umm...I'm thinking his point was that if anyone disagreed with how the war was being handled, they were attacked as hating the troops and being unpatriotic. Which is ironic, because the large majority of those criticizing the war didn't want our troops to needlessly die/be injured, and they realize the troops are suffering for the mistakes of the administration. I think that's supporting the troops more than just yelling "Yay America!". I think you jumped the gun on your response.

Correct me if I'm wrong, t_the_t.

RoxtarRyan: HotWingConspiracy: Even the people who identify as neo-conservatives and aren't at all shy about their views and the plans they have to implement them?

Addition: anyone who thinks they are Dr. Doom also qualifies batshiat crazy.

Haha, good point.

RON PAUL?

Car_Ramrod: I'm thinking his point was that if anyone disagreed with how the war was being handled, they were attacked as hating the troops and being unpatriotic. Which is ironic, because the large majority of those criticizing the war didn't want our troops to needlessly die/be injured, and they realize the troops are suffering for the mistakes of the administration. I think that's supporting the troops more than just yelling "Yay America!". I think you jumped the gun on your response

You are correct.

But don't let that get in the way of Mr. GETOFFYOURASSANDSERVEHURRRGARBLE

He seems to have fun making shiat up.

It was thrown away haphazardly. Like many an Iraqi shoe.

Senescent Dawn: wolvernova: Fark you, Nancy. I'd rather see that money be burned than use it to subsidize some irresponsible jackass' mortgage.

Speaking as someone who chose to continue to rent instead of use the hundreds of thousands of dollars my bank had pre-approved me for, I understand you. But you watch what happens if millions are foreclosed on while the banks are being handed cash hot off the printing press.

They get sold for cheap to responsible people like you and me that won't be house poor or deep under water in ten years. I like this whole foreclosure thing. Cheaper housing is a good thing.

Buying a Hot Cocoa Sampler Box for every single person that works in the financial industry adds up quickly.

/carry the three and...wait, what?

The Divine Ponytail is truly divine and that comment should be made into an article and purchased for money.

timmy_the_tooth: He seems to have fun making shiat up.

You don't see me trying to play make-believe, spouting nonsense about neocon plans to drive America into ruin. Anyone who thinks that, especially when our own president doesn't understand how to farking chew pretzels correctly, displays as much common sense as rock.

timmy_the_tooth: Car_Ramrod: I'm thinking his point was that if anyone disagreed with how the war was being handled, they were attacked as hating the troops and being unpatriotic. Which is ironic, because the large majority of those criticizing the war didn't want our troops to needlessly die/be injured, and they realize the troops are suffering for the mistakes of the administration. I think that's supporting the troops more than just yelling "Yay America!". I think you jumped the gun on your response

You are correct.

But don't let that get in the way of Mr. GETOFFYOURASSANDSERVEHURRRGARBLE

He seems to have fun making shiat up.

*terrorist fist bump*

I like how after you informed him that you and your family were indeed veterans, he basically called you all stupid. THAT's how you support the troops.

Dr. Rosenrosen: According to some news sources, they celebrated the $700 billion bailout with an $800 billion executive party:

Link (new window)

Akshully the AIG hosted party wasn't a party for AIG executives. It was mostly attended by a bunch of independent insurance agents who exceeded their sales targets. Like thousands of other luxury resort parties that happen every weekend for sales reps around the country. It wasn't for celebrating the bailout.

That being said, I think they only cut their party budget because they got caught. I would be a surprised if Citigroup has cut their party budget.

When I suggested (upon advice from my CPA relative) that we give 700 billion to the American taxpayer instead of the banks, which would boost the economy more than giving it to the banks, people scoffed.

So we gave this money to the banks in the hopes that the banks would start lending money again, but the banks said, "Fark no, we're not going to loan out more money to these people - they have no money for down payments! Their credit ratings suck! The economy is in the shiatter! People are losing their jobs left and right! Only an IDIOT would lend out money at a time like this! But uh...thanks for the giant piles of cash. That really helped. For a minute there, we were worried that our millionaire Presidents might have to take a cut in pay. See you at the spa!"

We're trying to give out money to the auto companies so the auto workers aren't jobless, but if people can't get loans, then they're not going to buy cars, and we're in the same boat as we were before.

Gee...if only there was a way to give the money DIRECTLY to the people...how to do that...hmmm...