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(The New York Times)   U.S. dumps toxic mortgages it bought back when we were trying to avoid a recession. Your grandchildren will have to pay off the ... uh... $25,000,000,000 profit the Treasury just landed on that deal. Wait, win?   (nytimes.com) divider line 127
    More: Cool, Treasury Department, Federal Housing Finance Agency, mortgages, recession  
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7765 clicks; posted to Politics » on 20 Mar 2012 at 5:53 PM   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-03-20 07:12:41 PM
meat0918: weave: I actually had a wingnut so-called friend of mine claim that the 25 billion is basically a tax on the banks and the government shouldn't be making a profit off of private enterprise.

/they'll never be happy

No, they won't. At least not until another Republican is in the White House. Then they will be told all is will be well with America once again. They will be told to sit back and relax, and they will. They'll be quietly content until they need to be riled up again.


No, they wont.... They will do everything you say in the first bit, but THEN, someone will mention that the plans are doing something that could be bad for someone, let alone America as a whole. Then the paranoia will kick back in and they will realize the libs can't even accept a lawfully anointed GOP president, you know, the only kind that's legit, and that the war is not over. They may have won a battle on election day but until we have shock collars that keep us from thinking libby thoughts and focus our minds purely on god and guns, then it's is but a temporary and hollow victory.
 
2012-03-20 07:17:52 PM
Leo Bloom's Freakout: meat0918: weave: I actually had a wingnut so-called friend of mine claim that the 25 billion is basically a tax on the banks and the government shouldn't be making a profit off of private enterprise.

/they'll never be happy

No, they won't. At least not until another Republican is in the White House. Then they will be told all is will be well with America once again. They will be told to sit back and relax, and they will. They'll be quietly content until they need to be riled up again.

No, they wont.... They will do everything you say in the first bit, but THEN, someone will mention that the plans are doing something that could be bad for someone, let alone America as a whole. Then the paranoia will kick back in and they will realize the libs can't even accept a lawfully anointed GOP president, you know, the only kind that's legit, and that the war is not over. They may have won a battle on election day but until we have shock collars that keep us from thinking libby thoughts and focus our minds purely on god and guns, then it's is but a temporary and hollow victory.


Isn't that what I said.

They'll sit until they need to be riled up.

Too bad for the Republicans that they used to be able to keep the wingnuts quiet by placating them with promises and deflecting blame on to liberals.

I've heard more than once from the right a question, a pondering about why they didn't do all the stuff they said they would when Bush had a compliant House and Senate. Then they get uncomfortable and blame activist judges.
 
2012-03-20 07:20:39 PM
meat0918: Leo Bloom's Freakout: meat0918: weave: I actually had a wingnut so-called friend of mine claim that the 25 billion is basically a tax on the banks and the government shouldn't be making a profit off of private enterprise.

/they'll never be happy

No, they won't. At least not until another Republican is in the White House. Then they will be told all is will be well with America once again. They will be told to sit back and relax, and they will. They'll be quietly content until they need to be riled up again.

No, they wont.... They will do everything you say in the first bit, but THEN, someone will mention that the plans are doing something that could be bad for someone, let alone America as a whole. Then the paranoia will kick back in and they will realize the libs can't even accept a lawfully anointed GOP president, you know, the only kind that's legit, and that the war is not over. They may have won a battle on election day but until we have shock collars that keep us from thinking libby thoughts and focus our minds purely on god and guns, then it's is but a temporary and hollow victory.

Isn't that what I said.

They'll sit until they need to be riled up.

Too bad for the Republicans that they used to be able to keep the wingnuts quiet by placating them with promises and deflecting blame on to liberals.

I've heard more than once from the right a question, a pondering about why they didn't do all the stuff they said they would when Bush had a compliant House and Senate. Then they get uncomfortable and blame activist judges.


Ok, fair enough, I read it badly. Thought you were implying they wouldn't get riled up until the next election cycle. Upon a re-read I realize I put that time frame in my own head. Musta been some activist judge's implied brainwashing taking hold.... Must go scrub mind with lye again.
 
2012-03-20 07:23:58 PM
Still waiting to hear how we get the trillion dollar Pelosibama stimulus back!

Remember, that was what Pelosi told us we needed so that the middle and lower class could have a bailout too! because TARP was unfair, why should bankers get all the goodies?

WELL, are we going to see that money??

And so far, despite Biden acting like we turned a profit, we are still losing billions on the auto bailout. It ain't paid back until its paid back.
 
2012-03-20 07:25:32 PM
Yup. Thus is the Federal Reserve. Granting credit on your unborn grandchildren. Whose great grandchildren will be paying off the debts of.

/2nd amendment
 
2012-03-20 07:26:07 PM
Animatronik: Still waiting to hear how we get the trillion dollar Pelosibama stimulus back!

Remember, that was what Pelosi told us we needed so that the middle and lower class could have a bailout too! because TARP was unfair, why should bankers get all the goodies?

WELL, are we going to see that money??

And so far, despite Biden acting like we turned a profit, we are still losing billions on the auto bailout. It ain't paid back until its paid back.


s13.postimage.org
 
2012-03-20 07:26:16 PM
I would suggest reading the entire article before assuming the position.
 
2012-03-20 07:27:36 PM
Quick, give it all to Bank of America! I heard they failed to raise profits by 900% last quarter, they may not be able to pay their employees!
 
2012-03-20 07:30:43 PM
NeverDrunk23: I'm still angry at Obama for taking my 40 cakes, 40 cakes.

and that's terrible.
 
2012-03-20 07:34:16 PM
Cletus C.: I would suggest reading the entire article before assuming the position.

Oh please, Republicans are in a men's bathroom right now, in the position.
 
2012-03-20 07:42:33 PM
www.boston.com
 
2012-03-20 07:42:46 PM
ghare: Cletus C.: I would suggest reading the entire article before assuming the position.

Oh please, Republicans are in a men's bathroom right now, in the position.


Haven't you put me on ignore yet?

Anywho, here's what we learned.

$25 billion profit on securities

$121 billion to $193 billion loss on bailout of Fannie Mae/Freddie Mac

Maybe a complete collapse of the housing market was averted thanks to all that. Hard to tell. But it's hardly cause for a circle jerk.
 
2012-03-20 07:54:08 PM
Animatronik:
Remember, that was what Pelosi told us we needed so that the middle and lower class could have a bailout too! because TARP was unfair, why should bankers get all the goodies?

WELL, are we going to see that money??
.


did you just say "where is my obama money?"
 
2012-03-20 08:01:27 PM
Cletus C.: ghare: Cletus C.: I would suggest reading the entire article before assuming the position.

Oh please, Republicans are in a men's bathroom right now, in the position.

Haven't you put me on ignore yet?

Anywho, here's what we learned.

$25 billion profit on securities

$121 billion to $193 billion loss on bailout of Fannie Mae/Freddie Mac

Maybe a complete collapse of the housing market was averted thanks to all that. Hard to tell. But it's hardly cause for a circle jerk.


How about an unenthusiastic dutch rudder then?
 
2012-03-20 08:05:13 PM
fusillade762: CygnusDarius: fusillade762: TheBeastOfYuccaFlats: Endrick: This just proves Obama is the worst empty suit/dictator false president this country has ever seen.

If he wasn't a mastermind/total incompetent none of this would have happened in the first place, that's for damn sure.

And a radical black Christian/Muslim/atheist to boot!

Not to mention he is also a Socialist/Elitist!.

Who wants to turn all our women into lesbians and give them free abortions!


Those both fall under the LGBT Earned Income Abortion Credit.
 
2012-03-20 08:07:53 PM
NeverDrunk23: I'm still angry at Obama for taking my 40 cakes, 40 cakes.

Ain't no man what can eat 40 cakes.
 
2012-03-20 08:10:09 PM
Cletus C.: ghare: Cletus C.: I would suggest reading the entire article before assuming the position.

Oh please, Republicans are in a men's bathroom right now, in the position.

Haven't you put me on ignore yet?

Anywho, here's what we learned.

$25 billion profit on securities

$121 billion to $193 billion loss on bailout of Fannie Mae/Freddie Mac

Maybe a complete collapse of the housing market was averted thanks to all that. Hard to tell. But it's hardly cause for a circle jerk.


Someone is most definitely mad.

Michelle Obama: lol why u mad tho?
 
2012-03-20 08:19:44 PM
Same game, another shell.
 
2012-03-20 08:21:15 PM
Animatronik: Still waiting to hear how we get the trillion dollar Pelosibama stimulus back!

Remember, that was what Pelosi told us we needed so that the middle and lower class could have a bailout too! because TARP was unfair, why should bankers get all the goodies?

WELL, are we going to see that money??

And so far, despite Biden acting like we turned a profit, we are still losing billions on the auto bailout. It ain't paid back until its paid back.


i18.photobucket.com

You'd better see an optimist.
 
2012-03-20 08:22:58 PM
I Havent Killed Anybody Since 1984: Jubeebee: I blame Obama for doing too much and/or not enough to either prevent or promote this series of events.

Also, let us make sure to commend the Republican Governors for all they did to push this through in spite of Obama doing too little/much.


Also, fear ______ and their capability to produce weapons of mass destruction/kill kittens/piss on Amurkin Freedems. Support Israel, because that will work out in our favor for always and always.
 
2012-03-20 08:33:08 PM
$225 down. $2.5T worth of crap loans and treasuries to go.

Raise rates, Bernanke-san.

Go ahead.

Prove the market won't crash without you.


/Cherry picking some number after TARP, TALF, QE1, QE2, OpTwist, ZIRP and promising to flood whatever other funds for however long and proclaiming WIN is for DOLTS.
//He won't. The Bernank ain't done bailing out the 1%.
 
2012-03-20 08:34:37 PM
T-minus 5 till the GOP starts taking credit for TARP which has been blamed on Obama for the last 3.5 years.
 
2012-03-20 08:35:54 PM
L82DPRT: $225 B down

FTFM
 
2012-03-20 08:41:30 PM
deschinc: fusillade762: CygnusDarius: fusillade762: TheBeastOfYuccaFlats: Endrick: This just proves Obama is the worst empty suit/dictator false president this country has ever seen.

If he wasn't a mastermind/total incompetent none of this would have happened in the first place, that's for damn sure.

And a radical black Christian/Muslim/atheist to boot!

Not to mention he is also a Socialist/Elitist!.

Who wants to turn all our women into lesbians and give them free abortions!

Those both fall under the LGBT Earned Income Abortion Credit.


I have an earned abortion credit coming up soon. Buy 12, get the 13th one FREE!
 
2012-03-20 08:53:30 PM
Animatronik: Still waiting to hear how we get the trillion dollar Pelosibama stimulus back!

Remember, that was what Pelosi told us we needed so that the middle and lower class could have a bailout too! because TARP was unfair, why should bankers get all the goodies?

WELL, are we going to see that money??

And so far, despite Biden acting like we turned a profit, we are still losing billions on the auto bailout. It ain't paid back until its paid back.


In other words you eat your own poop.
 
2012-03-20 08:56:14 PM
Jubeebee: I blame Obama for doing too much and/or not enough to either prevent or promote this series of events.

I have never put a bumper sticker on any of my cars, but I would gladly put this sentiment on my rear bumper.
 
2012-03-20 08:56:42 PM
DANG YOU FARTBAILOUT!!!!
 
2012-03-20 08:58:33 PM
make me some tea: Wow, nice. Glad that worked out. We need the money.

We need the credibility more.
 
2012-03-20 08:59:49 PM
One day we'll look back at the decisions made to avert a depression and find many correct decisions were made, albeit with some major imperfections that will seem obvious in hindsight.

Globally, tens of trillions in assets were lost in a couple years when the markets overheated due to a combination of personal greed, institutional negligence, ignorance, and down right loss of common sense. When the debt bubble popped and spread, the value of everything from oil to gold to houses to stock shares to bonds to food became suddenly and unavoidably suspect.

Expecting to "cure" not just the sudden shock of the house of cards we built over the years collapsing (remember the inter-bank lending being frozen, the lack of the ability of businesses to find short-term loans to balance their books on a day to day basis, and the stock market going down 300+ points daily) takes time. We are still unwinding debt, revaluing assets, and building back trust; but these are happening and good indicators we are on the right path.
 
2012-03-20 09:05:11 PM
AcademGreen: One day we'll look back at the decisions made to avert a depression and find many correct decisions were made, albeit with some major imperfections that will seem obvious in hindsight.

Globally, tens of trillions in assets were lost in a couple years when the markets overheated due to a combination of personal greed, institutional negligence, ignorance, and down right loss of common sense. When the debt bubble popped and spread, the value of everything from oil to gold to houses to stock shares to bonds to food became suddenly and unavoidably suspect.

Expecting to "cure" not just the sudden shock of the house of cards we built over the years collapsing (remember the inter-bank lending being frozen, the lack of the ability of businesses to find short-term loans to balance their books on a day to day basis, and the stock market going down 300+ points daily) takes time. We are still unwinding debt, revaluing assets, and building back trust; but these are happening and good indicators we are on the right path.


But demoncrats don't understand the economy. Rush said so.
 
2012-03-20 09:08:45 PM
Cletus C.: ghare: Cletus C.: I would suggest reading the entire article before assuming the position.

Oh please, Republicans are in a men's bathroom right now, in the position.

Haven't you put me on ignore yet?

Anywho, here's what we learned.

$25 billion profit on securities

$121 billion to $193 billion loss on bailout of Fannie Mae/Freddie Mac

Maybe a complete collapse of the housing market was averted thanks to all that. Hard to tell. But it's hardly cause for a circle jerk.


Why would I ignore you? I like laughing at stupid people.
 
2012-03-20 09:11:59 PM
make me some tea: Wow, nice. Glad that worked out. We need the money.

Not really.

We are the worlds reserve currency, we can print our own money, and we own most of our own debt (even as other holding our debt have increased to the point where interest rates are negative, IE they're giving us free money for borrowing).

Economically, we're really in a unique and good position to capitalize and bring back a strong economy. The world is more confident in the USA then it's own citizens.

Politically were screwed. Austerity and giving another free meal to the rich who will piss gold and diamonds on the plebs seems to be our idea of a functioning economy in a democratic capitalist system. Yay plutocracy!
 
2012-03-20 09:13:01 PM
Hickory-smoked: Doc Daneeka: Tymast: EnviroDude: In other words, when the banks that bought the toxic mortgages have to be bailed out again, we profit?

it means obama has stolen 25 billions in profits from the banking industry to pay off the debts incurred in hiding the one true birth certificate.

The 25 billion are going to fund a dramatic presentation of the life of Saul Alinsky, sponsored by ACORN and Planned Parenthood, and broadcast on NPR. George Soros is putting up matching funds.

TELEPROMPTERS!


So, do you think the Republican Party has been taken over by a bunch of rogue Dadaist poets? I mean, it is the best-case scenario.
 
2012-03-20 09:33:48 PM
Solid Muldoon: Wow, that's almost as much money as Dick Cheney looted from the treasury.

Not even close. Chenney and his Haliburton/KBR/oil buddies stole hundreds of billions of dollars through the Iraq war.
 
2012-03-20 09:34:17 PM
NeverDrunk23: I'm still angry at Obama for taking my 40 cakes, 40 cakes.

That's terrible.
 
2012-03-20 09:34:32 PM
We made a profit? Quick, someone do the math and figure out how many more toxic assets should we need to buy in order to pay off the deficit.
 
2012-03-20 09:40:20 PM
mudesi: [www.attackerman.com image 440x349]

4.93 trillion dollars in additional debt and counting since your sorry ass took office? Is that what you got or you going to blame it on Bush like everything else you've done wrong since 2009?
 
2012-03-20 09:45:06 PM
TyrantII: make me some tea: Wow, nice. Glad that worked out. We need the money.

Not really.

We are the worlds reserve currency, we can print our own money, and we own most of our own debt (even as other holding our debt have increased to the point where interest rates are negative, IE they're giving us free money for borrowing).

Economically, we're really in a unique and good position to capitalize and bring back a strong economy. The world is more confident in the USA then it's own citizens.

Politically were screwed. Austerity and giving another free meal to the rich who will piss gold and diamonds on the plebs seems to be our idea of a functioning economy in a democratic capitalist system. Yay plutocracy!


That's it, just keep farking that debt chicken. Nothing bad could EVER come from that.

Greece collapsed under the weight of it's own welfare state and Spain, Portugal and Italy and hell..........California could be close behind. It's just amazing to me how you leftists can watch the logical end of your big welfare state policies play out right in front of your eyes and still you persist and demand more.
 
2012-03-20 09:52:39 PM
You know what. After all.the economic.threads today... No point in jumping in these threads anymore. Fark liberals are too farking dumb to understand basic economics. A projected loss of 100 billion is good? Whatever. This country is doomed.
 
2012-03-20 09:53:25 PM
cman: And yet we still have the same bankers and CEO's controlling the same companies that got us into this mess.

Great job, guys!


That's the fun part of this for me.

and then watching senators, experts, and pundits from all sides of the table tell us (with a straight face, no less) that we need to keep these guys in leadership positions, because otherwise the financial industry would suffer.

I couldn't help but feel bad for folks who believed it.
 
2012-03-20 09:56:49 PM
Pardon me if I don't go out and riot in the streets. This sounds fishy.
 
2012-03-20 10:06:36 PM
CygnusDarius: fusillade762: TheBeastOfYuccaFlats: Endrick: This just proves Obama is the worst empty suit/dictator false president this country has ever seen.

If he wasn't a mastermind/total incompetent none of this would have happened in the first place, that's for damn sure.

And a radical black Christian/Muslim/atheist to boot!

Not to mention he is also a Socialist/Elitist!.


Let's not forget his secret takeover of the country in the name of Marxism/Fascism
 
2012-03-20 10:23:16 PM
thalidomide new and improved: Pardon me if I don't go out and riot in the streets. This sounds fishy.

take your Thorazine
 
2012-03-20 10:27:45 PM
cman: And yet we still have the same bankers and CEO's controlling the same companies that got us into this mess.

Great job, guys shareholders!


Fixed that for ya.
 
2012-03-20 10:32:09 PM
Maybe the federal government should get deep into the stock market. It seems like they could probably pick a few more winners. Buy low, sell high etc.
 
2012-03-20 10:40:25 PM
They said it so it must be so?

What are the odds they would start telling selling the truth now?
 
2012-03-20 10:56:55 PM
The_Sheriff_Is_A_Niiii: That's it, just keep farking that debt chicken. Nothing bad could EVER come from that.

Greece collapsed under the weight of it's own welfare state and Spain, Portugal and Italy and hell..........California could be close behind. It's just amazing to me how you leftists can watch the logical end of your big welfare state policies play out right in front of your eyes and still you persist and demand more.


It's amazing how you can be apocalyptic about a $25 billion profit from a $200 billion investment in American industry over 4 years. I mean really, it just makes no sense to me at all.
 
2012-03-20 11:43:19 PM
Corvus: adiabat: the Federal Housing Finance Agency projects the ultimate cost to the taxpayer for Fannie Mae and Freddie Mac could be $121 billion to $193 billion, depending on the strength of the housing market and other variables.

OK, so it only cost us $96 billion to $168 billion.

Sounds like a good deal for us not falling into a 2nd Depression. We probably easily made that in tax revenue we would of lost.


Give it time man, we are definitely not out of the woods yet.

/though that would be nice.
//sick of constantly wondering what basic staple I won't be able to afford this month due to sudden price spikes.
///this month is gasoline.
 
2012-03-20 11:57:36 PM
cman: And yet we still have the same bankers and CEO's controlling the same companies that got us into this mess.

Great job, guys!


Exactly the issue. Well, will be the issue in 5 or so more years.

 
2012-03-21 12:11:43 AM
make me some tea: It's amazing how you can be apocalyptic about a $25 billion profit from a $200 billion investment in American industry over 4 years.

That's only like a 4% annual ROI. We could have made more money leaving that money in a checking account!*

* not true.
 
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