The only string visible is from the tampon shoved up the treasury's ass.

Well, if they've done such a wonderful job with the first part of the money, don't give them any more. The rest can't be used without congressional approval....

SpaceyCat: The rest can't be used without congressional approval....

That's pre-9/11 thinking and could cause the terrorists to win.

Old news. Banks have been asked what they did with the money given to them and they said "We don't know, we don't keep track. And if we knew we don't have to tell you or Congress anyway". Guess what? They are legally right. Good going Congress, setting up no tracking and no accountability for $700 billion of taxpayer's money. Business as usual then.

Ackbar was right.

Gee. No shiat?

Hey, I'm sure all the financial corporations will give back all that money if we ask nicely...right?.....right?

They should have set aside some cash to pay this woman off.

Hey Congress:

Laughing. At You.

Well, *GASP*, throwing money at a problem like a drunk rapper at a tittybar DOESNT WORK? Well, hogtie me and call me Geeves, I'm SHOCKED.

/seriously, you wrote the damn law. You didnt think ahead that we might need to see what happened once you shovelled money into the hole?
//dumb farking congresscritters need to be fired. Bad.

///I got crazy uncles in the woods, seriously thinkin bout planning for a real honest to god depression and apocalypse

There's one string. Government gets controlling shares. That's a good thing, unfortunately they've been funneling the money to screwy places that aren't banks or have anything to do with lending.

If nothing makes sense, I suggest the last 8 years of precedent be your guide.

it's a loan.

which means the banks have to pay it back with interest.

UNLESS THEY GO BANKRUPT.

//cashing in on all caps/

FTA Elizabeth Warren, who heads a congressionally appointed oversight panel, told ABC news there was no evidence the Treasury had used money from the Troubled Asset Relief Program to support the housing market by avoiding preventable foreclosures.

You know what, whether or not TARP was a good idea, I'm not in favor of any handouts to irresponsible borrowers. Let the market price fall to its natural level.

The TARP money was used to shore up banks capital positions, therefore putting them in better position to lend. If you force them to make more crappy loans, you're just throwing good money after bad. Let the banks decide where their new capital should be allocated, or don't give them any capital.

Debeo Summa Credo: FTA Elizabeth Warren, who heads a congressionally appointed oversight panel, told ABC news there was no evidence the Treasury had used money from the Troubled Asset Relief Program to support the housing market by avoiding preventable foreclosures.

You know what, whether or not TARP was a good idea, I'm not in favor of any handouts to irresponsible borrowers. Let the market price fall to its natural level.

The TARP money was used to shore up banks capital positions, therefore putting them in better position to lend. If you force them to make more crappy loans, you're just throwing good money after bad. Let the banks decide where their new capital should be allocated, or don't give them any capital.

Honestly, I think you might have just won me over on that one. TARP seemed flawed from the beginning, but maybe, just maybe, they didnt completely a$$fukc us all

Pro Zack: it's a loan.

which means the banks have to pay it back with interest.

UNLESS THEY GO BANKRUPT.

//cashing in on all caps/

Business stopped "going" bankrupt years ago. Now, Chapter 11 Bankruptcy is a business strategy.

/it's sad

Oh is this the bill we JUST HAD TO PASS RIGHT NOW AND I MEAN RIGHT NOW OR ALL OF WESTERN CIVILIZATION WILL FALL DON'T QUESTION IT JUST VOTE YES OR YOU'LL DOOM US TO POVERTY? That one?

I thought there was a string attached, that they could hold back the second half if they weren't happy.

The wonders of panic legislation.


By ixijimixi at 2008-09-29

LeafyGreens: Oh is this the bill we JUST HAD TO PASS RIGHT NOW AND I MEAN RIGHT NOW OR ALL OF WESTERN CIVILIZATION WILL FALL DON'T QUESTION IT JUST VOTE YES OR YOU'LL DOOM US TO POVERTY DESTRUCTION? That one?

So close to the Patriot Act

FEMA_CAMPER: www.thepatriotaxe.com

Laughing. At You.

Then I bow before a true Master Thief.

/I guess real thieves go to B-School

"Here's a fist full of money."
"Thanks!"
"Now if anyone asks, we've done all this to alleviate financial distress."
"Awesome, I'm going to buy a big scree--"
"I'm not listening, LA LA LA LA"

This is what happens when you write the biggest bill in history in 3 days. It was like a pork barrel bender.

Hey! I have another idea! Let's spend another $1 TRILLION that we don't have! That HAS to work!

IXI Jim IXI: The wonders of panic legislation.




Hot surface - do not touch!

Somewhere, Angels are wondering what that crazy gal Ayn Rand is laughing about.

CagedDepravity:

Hot surface - do not touch!

Link (new window)

Walker: Old news. Banks have been asked what they did with the money given to them and they said "We don't know, we don't keep track. And if we knew we don't have to tell you or Congress anyway". Guess what? They are legally right. Good going Congress, setting up no tracking and no accountability for $700 billion of taxpayer's money. Business as usual then.

You make some good points but then you say they gave out $700 billion, which is wrong. They didn't.

When you jump to hyperbole it makes you look like a tin foil hat crazy and makes it so no one takes any of your other points seriously.

Look, give me 700 billion and I'll pay it back.

In due time.

Corvus: You make some good points but then you say they gave out $700 billion, which is wrong. They didn't.

Yeah, it was ONLY $350 Billion. That makes the whole financial molestation feel so much better.

Lesson:

When Bush comes to you and says "Congress you need to do this it is very important". - Don't

See Iraq war
See TARP

Corvus: When Bush comes to you and says "Congress you need to do this it is very important". - Don't

Right, because Democrats have just been falling over themselves the past few years to act on George W. Bush's recommendations. Both parties are equally culpable in this cluster.

GoldSpider: Corvus: You make some good points but then you say they gave out $700 billion, which is wrong. They didn't.

Yeah, it was ONLY $350 Billion. That makes the whole financial molestation feel so much better.

Yes, that is sort of a large difference. See just because you don't like something doesn't mean you can make up lies about it.

Don't you understand that? Being on one side of the issues doesn't give you Carte Blanche to make up lies about it!

You people and your criticisms make me sick. Have you no faith in our corporate masters and their government representatives? They only have our best interests at heart. If we don't unquestioningly condone everything they do we are all doomed!! We're just little people - like children, really - and we need these people to protect and guide us. We couldn't possibly survive on our own. Stop your whining and crying about things that you couldn't possibly understand and be thankful that we have such wise and benevolent masters to show us the way. It's an honor to be able to reward all their hard work and selfless sacrifice with your tax dollars, which you would have probably wasted anyways.

Why do you hate America??

Before anyone goes postal on me, I did not intentionally mean to bold most of that post. :(
I apologize.

GoldSpider: Corvus: When Bush comes to you and says "Congress you need to do this it is very important". - Don't

Right, because Democrats have just been falling over themselves the past few years to act on George W. Bush's recommendations. Both parties are equally culpable in this cluster.

When did the Treasury secretary become part of the congress again?

Bush and him begged congress for it. The Treasury secretary was fully in charge of it being implemented.

Yes the congress is at fault for trusting Bush co. But to say Congress is just as at fault is hilarious.

That is like saying if your brought a guest over and he shot people that you were just as at fault as he was.

I am sorry that Bush is a Republican but he is. So don't force his bad decisions on the Democrats.

Corvus: Being on one side of the issues doesn't give you Carte Blanche to make up lies about it!

Ahh, but if you are on the other side! Then, you may!

j/k

Corvus: But to say Congress is just as at fault is hilarious.

It must be nice to be un-culpable-able.

GoldSpider: Right, because Democrats have just been falling over themselves the past few years to act on George W. Bush's recommendations. Both parties are equally culpable in this cluster.

You really think TARP wasn't Bush's plan? You know the Treasurer created the TARP plan not congress.

Just because you don't like the reality doesn't mean it's not true.

In fact the original TARP plan that Bush wanted they would of spent the entire 700 billion already.

Corvus: Yes the congress is at fault for trusting Bush co. But to say Congress is just as at fault is hilarious.

No bailout bill gets passed without Congress' support, so I would argue they have even more culpability in this mess, as neither Bush nor Paulson could have created said bailout by decree. And you might be interested to learn which party threw more support behind the bill.

Pro Zack: Ahh, but if you are on the other side! Then, you may!

j/k

Actually I am on the same "side" as him. But nice try.

GoldSpider: No bailout bill gets passed without Congress' support, so I would argue they have even more culpability in this mess, as neither Bush nor Paulson could have created said bailout by decree. And you might be interested to learn which party threw more support behind the bill.

Who originated the plan?

and who DOLLED OUT THE MONEY!!!!!!

Wow talk about Republican crying about people not being responsible for their own actions.

The treasure dolls out the money but it's the DEMOCRATS fault for letting him do it.

Is he not responsible for his own actions.

So according to your logic it was Democrats who got us in the Iraq war too.

Bahahah

It's so pathetic how you guys don't believe in self responsibility.

The treasury secretary could of not spent one dime if he wanted to.

Corvus: Pro Zack: Ahh, but if you are on the other side! Then, you may!

j/k

Actually I am on the same "side" as him. But nice try.

Oh! "one side" meant that you were on one side. Duh.

Corvus: You really think TARP wasn't Bush's plan? You know the Treasurer created the TARP plan not congress.

I don't really care whose idea it was. Neither Bush nor Paulson "created" the bailout bill, only Congress has that power. You do understand the basics of our legislative process, don't you?

If it was a bad idea, (and lord knows it was) Congress should have told Bush and Paulson to go pound sand. Instead they went along with them lock-step.

Walker: Old news. Banks have been asked what they did with the money given to them and they said "We don't know, we don't keep track. And if we knew we don't have to tell you or Congress anyway". Guess what? They are legally right. Good going Congress, setting up no tracking and no accountability for $700 billion of taxpayer's money. Business as usual then.

Yeah, they should have listened to the President with his 2 page proposal.

Corvus: and who DOLLED OUT THE MONEY!!!!!!

Congress. Bush has no authority to spend money without Congress' approval.

Corvus: So according to your logic it was Democrats who got us in the Iraq war too.

No, it was also Congress that authorized the war. However at that time, as I'm sure you are aware, Republicans controlled both houses.

I have to wonder why you are so dead-set on defending Congress' role in this mess.

GoldSpider: Corvus: You make some good points but then you say they gave out $700 billion, which is wrong. They didn't.

Yeah, it was ONLY $350 Billion. That makes the whole financial molestation feel so much better.

So they spit on their cock before ramming into our collective ass?

Face it, we've been had.

GoldSpider: I don't really care whose idea it was. Neither Bush nor Paulson "created" the bailout bill, only Congress has that power. You do understand the basics of our legislative process, don't you?

If it was a bad idea, (and lord knows it was) Congress should have told Bush and Paulson to go pound sand. Instead they went along with them lock-step.

Yes they did create the bail out bill. You are wrong they did.

So under your logic the Democrats in the 80s then are really responsible for Reagen tax cuts not Reagen at all? Right because congress passed that budget.

So Ronald Reagen never cut anyone's taxes.

Corvus: So under your logic the Democrats in the 80s then are really responsible for Reagen tax cuts not Reagen at all? Right because congress passed that budget.



Reagan? What does Reagan have to do with the TARP? Are you trying to change the subject because you've inadvertently put your ignorance of the legislative funding process on display?