FTFA: a proposal to spend any TARP profits before they can be returned to the taxpayers.

If they're profits, they aren't being returned anywhere. Byron York is a partisan hack and a dumbass.

Uhh, use the profits to pay down the debt we incurred when GM and Chrysler defaulted on their loans.

Seems simple enough.

Use the profit to pay any debt. There is no net profit across the entire government. There is no extra money to spend on more toys or favors. There is negative one trillion dollars to spend.

So, subby, he's going to take ages dickering (heh) over the price, comparison-shopping endlessly and calling friends for advice?

Sounds reasonable.

Oh...I get it. Because he's gay!! oh! Ha! He's Gay!!


ass.

Obdicut: So, subby, he's going to take ages dickering (heh) over the price, comparison-shopping endlessly and calling friends for advice?

Sounds reasonable.

And, in the end, buying something with little or no intrinsic value?

what_now: Oh...I get it. Because he's gay!! oh! Ha! He's Gay!!


ass.

Really. Please make fun of the way he talks, not his sexual orientation.

Where's my dividend check?

Obdicut: So, subby, he's going to take ages dickering (heh) over the price, comparison-shopping endlessly and calling friends for advice?

I approve of your rhyming style.

What is going on in Frank's mind? Hell, what is going on in Mass voters minds keeping him in congress? The government is in deep, deep Kimshee and he wants to continue spending? This is insane. Why is it so hard to just leave the money alone and be used for it's intended purpose: reducing debt. Granted, 6.2 billion is but a drop in the bucket of 1.8 trillion, but for once, you dumb fark, let the legislation stand as it is instead of going half-cocked on another spending spree. Anyone agreeing with Frank should also have his head examined.

Want to help out the taxpayers? Pay down the debt that was incurred to create the TARP funds in the first place, as it was originally sold to us. As a taxpayer I'd greatly appreciate that.

I work for one of the banks that repaid tarp so I'm getting a kick and so and so ...

No seriously, the tarp money essentially sat in a holding account and did absolutely nothing because everyone was scared shiatless of having to account for how it was spent (god forbid some portion of it were used for standard BAU operations and the public would focus on some insignificant amount used on perceived waste resulting in a PR nightmare). Meanwhile, the government made out like a bandit on ridiculous dividend payments and warrants.

Anyone outside of the area gonna get the P-Town reference?

The original TARP legislation required that money made from the program "shall be paid into the general fund of the Treasury for reduction of the public debt."

That's actually a part of TARP I would agree with.

This is the greatest. Subby, You are a genius.

Dr.Knockboots: Anyone outside of the area gonna get the P-Town reference?

Probably not. But it's still FABULOUS!

KaponoFor3: The original TARP legislation required that money made from the program "shall be paid into the general fund of the Treasury for reduction of the public debt."

I wouldn't recommend you hold your breath waiting for that to actually happen, though.

So TARP is working.

Interesting...

Provincetown wouldn't be my first choice in the area for antiquing. Although to quote one of the few jokes I remember from Frasier, I am one of the people for whom "antique" is not a verb.

/just saying...

Free Radical: So TARP is working.

Interesting...

I wonder who the Fark Free Thinkers are going to credit. I bet I can guess.

The Separation of Corporation and State is as important as the Separation of Church and State. For exactly the same reasons.

GoldSpider: I wonder who the Fark Free Thinkers are going to credit. I bet I can guess.

The same person who Fark Indepenents(tm) would blame if it didn't work?

Please make fun of the way he talks, not his sexual orientation.

He talks all gay...


So TARP is working

How could it not "work". It was a bail-out. The question is whether we're better off for having bailed them out versus letting them fail. Some banks didn't even want the TARP money.

mofomisfit: Provincetown wouldn't be my first choice in the area for antiquing.

This. L2 antique Subby.

Davey Croquette: How could it not "work". It was a bail-out.

Oooh...this is a new one: "Of course it was going to work! How could it not work?"

GaryPDX: The Separation of Corporation and State

Yeah, we're all kinda boned right now because of a separation between Corporation and State. Deregulation didn't work with some people. It just turned them into a kid in a toy store.

The Homer Tax: The same person who Fark Indepenents(tm) would blame if it didn't work?

Probably.

Davey Croquette: Please make fun of the way he talks, not his sexual orientation.

He talks all gay...

Yes, but is his shiat all retarded?

GoldSpider: Free Radical: So TARP is working.

Interesting...

I wonder who the Fark Free Thinkers are going to credit. I bet I can guess.

Even the diarists on Daily Kos saw THAT one coming four months ago (new window).

The GOP has already painted themselves into a doom-and-gloom corner. Their comments are on video, their words in dated press articles. The can try to take credit, but their own opinion from four months ago is accessible for all to see.

GaryPDX: The Separation of Corporation and State is as important as the Separation of Church and State. For exactly the same reasons.

Exactly, because churches can collapse an entire economy.

Spanky_McFarksalot: GaryPDX: The Separation of Corporation and State

Yeah, we're all kinda boned right now because of a separation between Corporation and State. Deregulation didn't work with some people. It just turned them into a kid in a toy store.

Well, the libs are grabbing everything and the country is collapsing. That's obvious.

Free Radical: GaryPDX: The Separation of Corporation and State is as important as the Separation of Church and State. For exactly the same reasons.

Exactly, because churches can collapse an entire economy.

hahaha..that's right, unless you follow their god.

Davey Croquette: Please make fun of the way he talks, not his sexual orientation.

He talks all gay...


So TARP is working

How could it not "work". It was a bail-out. The question is whether we're better off for having bailed them out versus letting them fail. Some banks didn't even want the TARP money.

And the big bad government forced them to take the money? Got a source for this?

And while I agree that it is better for there to not be any "too big to fail" corporations as this sets up a real moral hazard, the ripples of financial institutions across the country collapsing would make the situation right now a LOT worse. Ideally, we should make sure to include legislation to prevent companies from getting in this situation again (like oh, I don't know... reinstituting Glass-Steagall?) but the same people who wanted these companies to collapse will bemoan the government interfering with these companies "suceeding".

Grungehamster: And the big bad government forced them to take the money? Got a source for this?


There you go. Thought this was pretty common knowledge though.

what_now: Oh...I get it. Because he's gay!! oh! Ha! He's Gay!!


ass.

I hear Barney Frank likes ass.

Get it? Because he's gay!

Free Radical: GaryPDX: The Separation of Corporation and State is as important as the Separation of Church and State. For exactly the same reasons.

Exactly, because churches can collapse an entire economy.

Perhaps not, but they do have a long and storied history of burning people at the stake. Too much of that sort of thing can lead to a recession, you know.

Free Radical: GaryPDX: The Separation of Corporation and State is as important as the Separation of Church and State. For exactly the same reasons.

Exactly, because churches can collapse an entire economy.

Dude, did you miss the segment of the republican party that took over the show and ran an entire country into the ground? Here's a hint, it wasn't the Goldwater conservatives.

krelborne: what_now: Oh...I get it. Because he's gay!! oh! Ha! He's Gay!!


ass.

I hear Barney Frank likes ass.

Get it? Because he's gay!

what's wrong with ass?

SusanIvanova: Free Radical: GaryPDX: The Separation of Corporation and State is as important as the Separation of Church and State. For exactly the same reasons.

Exactly, because churches can collapse an entire economy.

Perhaps not, but they do have a long and storied history of burning people at the stake. Too much of that sort of thing can lead to a recession, you know.

Your god wants stake?

rohar: Free Radical: GaryPDX: The Separation of Corporation and State is as important as the Separation of Church and State. For exactly the same reasons.

Exactly, because churches can collapse an entire economy.

Dude, did you miss the segment of the republican party that took over the show and ran an entire country into the ground? Here's a hint, it wasn't the Goldwater conservatives.

This administration has done far more damage in 6 months than the Republicans did in 8 years. An there's no end in sight to this calamity. We're past blaming the Republicans. Way past that.

Question; for those who include the total of the TARP loans in the projected 2009 budget deficit of the GWB administration, do these repayments represent a reduction of that deficit? I don't ask with the intention of fanning the flames of Republican versus Democrats, but more along the lines of the theory as counting a loan to an entity (or entities) as deficit spending when there is a likelihood of some repayment in both the short (less than one year) and long term.

See, people say the goverment can't do anything right. Well, here they have turned a profit. Under my economic plan, the government would nationalise the banking and mortgage industries. That way the little guy would be protected form the bankers and brokers.

GaryPDX: This administration has done far more damage in 6 months than the Republicans did in 8 years. An there's no end in sight to this calamity. We're past blaming the Republicans. Way past that.

You sound concerned.

Thrakkerzog: GaryPDX: This administration has done far more damage in 6 months than the Republicans did in 8 years. An there's no end in sight to this calamity. We're past blaming the Republicans. Way past that.

You sound concerned.

lol..everyone should be. But I have solace in knowing my Zombie Apocalypse Defense Plans are up to date.

Why do congresscritters go through all these motions about percentages, equations, bills, votes, etc.... They should just do what they want to do and take over all of our lives completely right now and be done with it. The charade is tiresome.

GaryPDX: lol..everyone should be. But I have solace in knowing my Zombie Apocalypse Defense Plans are up to date.

I've clocked in enough hours of L4D. I'm all ready, as long as I don't have to be Zoey. You can be Bill. ;-)

GaryPDX: rohar: Free Radical: GaryPDX: The Separation of Corporation and State is as important as the Separation of Church and State. For exactly the same reasons.

Exactly, because churches can collapse an entire economy.

Dude, did you miss the segment of the republican party that took over the show and ran an entire country into the ground? Here's a hint, it wasn't the Goldwater conservatives.

This administration has done far more damage in 6 months than the Republicans did in 8 years. An there's no end in sight to this calamity. We're past blaming the Republicans. Way past that.

I hear GaryPDX is usually right about this stuff...

Headso: I hear GaryPDX is usually right about this stuff...

I just calls'em as I sees'em.

Headso: I hear GaryPDX is usually right about this stuff...

He is. I just finished signing the Loyalty Oath that he swore everyone was going to be forced to sign after Obama got elected.

Gary was right again!