TARP has lost 40% since inception

[TheBreeze]

A while back, a Pigg who is also a member of the deified banking class stated that the vast majority of TARP would be money good. So far, I guess he’s right, as TARP hasn’t lost more than 50% of its value yet:

In reality was looking for a minus infinity symbol but blogspot is woefully inadequate when expressing involuntary taxpayer performance. The latest shock to the U.S. taxpayer came last Friday when the Ethisphere TARP index recorded a $21 billion drop in value. The TARP Index, created by the Ethisphere Institute, tracks the U.S. Federal Government’s return under its TARP investments. Out of the $306.1 billion so far handed out under TARP since its inception, there has been an unrealized loss of $123 billion, compliments mostly of the big 4: C, BAC, WFC and JPM. In other words, the U.S. Government (and its taxpaying funders) has lost over 40% of their investment. This translates into a loss of $1,082 per every US household, roughly double the proposed stimulus tax credit.

http://zerohedge.blogspot.com/2009/03/tarp-has-lost-40-since-inception.html

I wish all these financial masterminds would go kill themselves. The world would be a much better place.

[(former)FormerSanDiegan]

The stocks of the four companies cited as being the principal cause, C, BAC, WFC, and JPM, are UP 60%, 53%, 37% and 49%, respectively since this article was written.

As a result, the TARP is now down only 27%, according to the same source* for the article.

Seems to me like the TARP is doing better than many pension funds, 201k’s, IRA’s, etc.
For the record, I am not the one who made the claim that TARP would be money good. Just thought it would be of interest to post the results of my 5 minutes of research on the contents of the article.

* http://ethisphere.com/ethisphere-tarp-index-report/

[(former)FormerSanDiegan]

The stocks of the four companies cited as being the principal cause, C, BAC, WFC, and JPM, are UP 60%, 53%, 37% and 49%, respectively since this article was written.

As a result, the TARP is now down only 27%, according to the same source* for the article.

Seems to me like the TARP is doing better than many pension funds, 201k’s, IRA’s, etc.
For the record, I am not the one who made the claim that TARP would be money good. Just thought it would be of interest to post the results of my 5 minutes of research on the contents of the article.

* http://ethisphere.com/ethisphere-tarp-index-report/

[(former)FormerSanDiegan]

The stocks of the four companies cited as being the principal cause, C, BAC, WFC, and JPM, are UP 60%, 53%, 37% and 49%, respectively since this article was written.

As a result, the TARP is now down only 27%, according to the same source* for the article.

Seems to me like the TARP is doing better than many pension funds, 201k’s, IRA’s, etc.
For the record, I am not the one who made the claim that TARP would be money good. Just thought it would be of interest to post the results of my 5 minutes of research on the contents of the article.

* http://ethisphere.com/ethisphere-tarp-index-report/

[(former)FormerSanDiegan]

The stocks of the four companies cited as being the principal cause, C, BAC, WFC, and JPM, are UP 60%, 53%, 37% and 49%, respectively since this article was written.

As a result, the TARP is now down only 27%, according to the same source* for the article.

Seems to me like the TARP is doing better than many pension funds, 201k’s, IRA’s, etc.
For the record, I am not the one who made the claim that TARP would be money good. Just thought it would be of interest to post the results of my 5 minutes of research on the contents of the article.

* http://ethisphere.com/ethisphere-tarp-index-report/

[(former)FormerSanDiegan]

The stocks of the four companies cited as being the principal cause, C, BAC, WFC, and JPM, are UP 60%, 53%, 37% and 49%, respectively since this article was written.

As a result, the TARP is now down only 27%, according to the same source* for the article.

Seems to me like the TARP is doing better than many pension funds, 201k’s, IRA’s, etc.
For the record, I am not the one who made the claim that TARP would be money good. Just thought it would be of interest to post the results of my 5 minutes of research on the contents of the article.

* http://ethisphere.com/ethisphere-tarp-index-report/

[davelj]

We’re in the third inning of a nine inning game. I realize that Americans are impatient – that’s part of what’s gotten us into this mess – but can we at least play the whole game before we declare the winner and loser? Just a thought.

[davelj]

We’re in the third inning of a nine inning game. I realize that Americans are impatient – that’s part of what’s gotten us into this mess – but can we at least play the whole game before we declare the winner and loser? Just a thought.

[davelj]

We’re in the third inning of a nine inning game. I realize that Americans are impatient – that’s part of what’s gotten us into this mess – but can we at least play the whole game before we declare the winner and loser? Just a thought.

[davelj]

We’re in the third inning of a nine inning game. I realize that Americans are impatient – that’s part of what’s gotten us into this mess – but can we at least play the whole game before we declare the winner and loser? Just a thought.

[davelj]

We’re in the third inning of a nine inning game. I realize that Americans are impatient – that’s part of what’s gotten us into this mess – but can we at least play the whole game before we declare the winner and loser? Just a thought.

[Coronita]

LOL…AIG….

(quote)

Sen. Charles Grassley suggested in an Iowa City radio interview on Monday that AIG executives should take a Japanese approach toward accepting responsibility by resigning or killing themselves.

“Obviously, maybe they ought to be removed,” the Iowa Republican said. “But I would suggest the first thing that would make me feel a little bit better toward them if they’d follow the Japanese example and come before the American people and take that deep bow and say, I’m sorry, and then either do one of two things: resign or go commit suicide.”

(end quote)

[Coronita]

LOL…AIG….

(quote)

Sen. Charles Grassley suggested in an Iowa City radio interview on Monday that AIG executives should take a Japanese approach toward accepting responsibility by resigning or killing themselves.

“Obviously, maybe they ought to be removed,” the Iowa Republican said. “But I would suggest the first thing that would make me feel a little bit better toward them if they’d follow the Japanese example and come before the American people and take that deep bow and say, I’m sorry, and then either do one of two things: resign or go commit suicide.”

(end quote)

[Coronita]

LOL…AIG….

(quote)

Sen. Charles Grassley suggested in an Iowa City radio interview on Monday that AIG executives should take a Japanese approach toward accepting responsibility by resigning or killing themselves.

“Obviously, maybe they ought to be removed,” the Iowa Republican said. “But I would suggest the first thing that would make me feel a little bit better toward them if they’d follow the Japanese example and come before the American people and take that deep bow and say, I’m sorry, and then either do one of two things: resign or go commit suicide.”

(end quote)

[Coronita]

LOL…AIG….

(quote)

Sen. Charles Grassley suggested in an Iowa City radio interview on Monday that AIG executives should take a Japanese approach toward accepting responsibility by resigning or killing themselves.

“Obviously, maybe they ought to be removed,” the Iowa Republican said. “But I would suggest the first thing that would make me feel a little bit better toward them if they’d follow the Japanese example and come before the American people and take that deep bow and say, I’m sorry, and then either do one of two things: resign or go commit suicide.”

(end quote)

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