TARP has lost 40% since inception

[Arraya]

[quote=DWCAP]Does anybody else get the feeling that the AIG bonus outrage is all really just a cover? As long as we are all screaming mad at AIG, we cant be screaming mad at Congress, Obama (though I doubt we will get there for another 6 or so years) or the FED bungling of it all. So we rant about bad contracts written long before the Q4 blow up in the markets. We threaten to hang AIG executive’s children with piano wire (what did the kid do again????), and we vent on blogs and talk shows about how it isnt all fair and such.

All the while we dont question the FED printing another Trillion today to manipulate the markets so we can kick the can alittle farther down the road. We dont question the seeming inability of the Obama administration to appoint people who are not “good old boys” or crooks. We dont question why we are following Dodd and the other ‘leaders’ in Congress who are just as responsible for this mess as anyone in AIG.

I feel like I am watching a sacrifical lamb before the slaughter.[/quote]

Absolutely! Just like the Santelli/Cramer daily show thing.

[davelj]

A lot of you Piggs crack me up. Clearly, the Fed and Treasury (and body politic) – The Officialdom – have caused/contributed to a lot of the mess we’re in. But now that they’re putting in a good faith effort (we can debate the anticipated effectiveness, to be sure) to stem the bleeding, everyone just bitches and moans as if they have any clue as to what to do.

I am 100% certain that if the Officialdom did nothing and we ended up in another Great Depression, that the very folks who are currently complaining loudest about the Officialdom’s current actions, would be complaining even louder about their INactions. No doubt in my mind whatsoever.

Again, I’m no fan of the current Officialdom. But at least I can sympathize with the bind they’re in (granted, partly of their own making) – they’re damned if they do, damned if they don’t. Not an easy place to be.

[davelj]

A lot of you Piggs crack me up. Clearly, the Fed and Treasury (and body politic) – The Officialdom – have caused/contributed to a lot of the mess we’re in. But now that they’re putting in a good faith effort (we can debate the anticipated effectiveness, to be sure) to stem the bleeding, everyone just bitches and moans as if they have any clue as to what to do.

I am 100% certain that if the Officialdom did nothing and we ended up in another Great Depression, that the very folks who are currently complaining loudest about the Officialdom’s current actions, would be complaining even louder about their INactions. No doubt in my mind whatsoever.

Again, I’m no fan of the current Officialdom. But at least I can sympathize with the bind they’re in (granted, partly of their own making) – they’re damned if they do, damned if they don’t. Not an easy place to be.

[davelj]

A lot of you Piggs crack me up. Clearly, the Fed and Treasury (and body politic) – The Officialdom – have caused/contributed to a lot of the mess we’re in. But now that they’re putting in a good faith effort (we can debate the anticipated effectiveness, to be sure) to stem the bleeding, everyone just bitches and moans as if they have any clue as to what to do.

I am 100% certain that if the Officialdom did nothing and we ended up in another Great Depression, that the very folks who are currently complaining loudest about the Officialdom’s current actions, would be complaining even louder about their INactions. No doubt in my mind whatsoever.

Again, I’m no fan of the current Officialdom. But at least I can sympathize with the bind they’re in (granted, partly of their own making) – they’re damned if they do, damned if they don’t. Not an easy place to be.

[davelj]

A lot of you Piggs crack me up. Clearly, the Fed and Treasury (and body politic) – The Officialdom – have caused/contributed to a lot of the mess we’re in. But now that they’re putting in a good faith effort (we can debate the anticipated effectiveness, to be sure) to stem the bleeding, everyone just bitches and moans as if they have any clue as to what to do.

I am 100% certain that if the Officialdom did nothing and we ended up in another Great Depression, that the very folks who are currently complaining loudest about the Officialdom’s current actions, would be complaining even louder about their INactions. No doubt in my mind whatsoever.

Again, I’m no fan of the current Officialdom. But at least I can sympathize with the bind they’re in (granted, partly of their own making) – they’re damned if they do, damned if they don’t. Not an easy place to be.

[davelj]

A lot of you Piggs crack me up. Clearly, the Fed and Treasury (and body politic) – The Officialdom – have caused/contributed to a lot of the mess we’re in. But now that they’re putting in a good faith effort (we can debate the anticipated effectiveness, to be sure) to stem the bleeding, everyone just bitches and moans as if they have any clue as to what to do.

I am 100% certain that if the Officialdom did nothing and we ended up in another Great Depression, that the very folks who are currently complaining loudest about the Officialdom’s current actions, would be complaining even louder about their INactions. No doubt in my mind whatsoever.

Again, I’m no fan of the current Officialdom. But at least I can sympathize with the bind they’re in (granted, partly of their own making) – they’re damned if they do, damned if they don’t. Not an easy place to be.

[(former)FormerSanDiegan]

Regarding the AIG bailout bonus scandal:

Frankly, I am more concerned about what they have
done with the other 169.835 Billion dollars than
what they did with the 0.165 Billion in bonuses.

It’s as if we gave our kid in college an extra $500 in allowance last month, primarily to cover his credit card bill, then getting pissed that he spent 50 cents on a candy bar.

[(former)FormerSanDiegan]

Regarding the AIG bailout bonus scandal:

Frankly, I am more concerned about what they have
done with the other 169.835 Billion dollars than
what they did with the 0.165 Billion in bonuses.

It’s as if we gave our kid in college an extra $500 in allowance last month, primarily to cover his credit card bill, then getting pissed that he spent 50 cents on a candy bar.

[(former)FormerSanDiegan]

Regarding the AIG bailout bonus scandal:

Frankly, I am more concerned about what they have
done with the other 169.835 Billion dollars than
what they did with the 0.165 Billion in bonuses.

It’s as if we gave our kid in college an extra $500 in allowance last month, primarily to cover his credit card bill, then getting pissed that he spent 50 cents on a candy bar.

[(former)FormerSanDiegan]

Regarding the AIG bailout bonus scandal:

Frankly, I am more concerned about what they have
done with the other 169.835 Billion dollars than
what they did with the 0.165 Billion in bonuses.

It’s as if we gave our kid in college an extra $500 in allowance last month, primarily to cover his credit card bill, then getting pissed that he spent 50 cents on a candy bar.

[(former)FormerSanDiegan]

Regarding the AIG bailout bonus scandal:

Frankly, I am more concerned about what they have
done with the other 169.835 Billion dollars than
what they did with the 0.165 Billion in bonuses.

It’s as if we gave our kid in college an extra $500 in allowance last month, primarily to cover his credit card bill, then getting pissed that he spent 50 cents on a candy bar.

[DWCAP]

[quote=davelj] But now that they’re putting in a good faith effort (we can debate the anticipated effectiveness, to be sure) to stem the bleeding, everyone just bitches and moans as if they have any clue as to what to do.[/quote]

Not sure if I am included in that number, but I question your above statement. Is this a good faith attempt to fix the bleeding? Worrying about the few hundred million in bonus money and not the hundred billion + of the rest of it? There was NO accountability included in the original TARP/bailouts. Most of the “tough” restrictions of the original AIG bailouts are gone replaced by lots of words but little action. Our “infrastrusture building” ‘Stimulus’ contains a whole lotta stuff that isnt infrasture spending and of dubious ‘stimulus’ in a long term sense.
IN a time of record deficits it seems everyone found time to include their pork inbetween railing on deficit spending and worring out future generations.

I guess I question your assertation of “good faith”. It seems like the same old BS, just a different suit shoveling it.

[quote=davelj] Again, I’m no fan of the current Officialdom. But at least I can sympathize with the bind they’re in (granted, partly of their own making) – they’re damned if they do, damned if they don’t. Not an easy place to be.[/quote]

Id be more sympathetic if they were more honest.

” I realize this is screwing the young and poorer segments of our population, but I really feel that not bailing out the irresponsible and reckless who have overspent would be worse for our country, and those groups we are hurting, than doing nothing at all.”
Atleast then I could believe the words coming out of their mouths, even if I didnt like them.

[DWCAP]

[quote=davelj] But now that they’re putting in a good faith effort (we can debate the anticipated effectiveness, to be sure) to stem the bleeding, everyone just bitches and moans as if they have any clue as to what to do.[/quote]

Not sure if I am included in that number, but I question your above statement. Is this a good faith attempt to fix the bleeding? Worrying about the few hundred million in bonus money and not the hundred billion + of the rest of it? There was NO accountability included in the original TARP/bailouts. Most of the “tough” restrictions of the original AIG bailouts are gone replaced by lots of words but little action. Our “infrastrusture building” ‘Stimulus’ contains a whole lotta stuff that isnt infrasture spending and of dubious ‘stimulus’ in a long term sense.
IN a time of record deficits it seems everyone found time to include their pork inbetween railing on deficit spending and worring out future generations.

I guess I question your assertation of “good faith”. It seems like the same old BS, just a different suit shoveling it.

[quote=davelj] Again, I’m no fan of the current Officialdom. But at least I can sympathize with the bind they’re in (granted, partly of their own making) – they’re damned if they do, damned if they don’t. Not an easy place to be.[/quote]

Id be more sympathetic if they were more honest.

” I realize this is screwing the young and poorer segments of our population, but I really feel that not bailing out the irresponsible and reckless who have overspent would be worse for our country, and those groups we are hurting, than doing nothing at all.”
Atleast then I could believe the words coming out of their mouths, even if I didnt like them.

[DWCAP]

[quote=davelj] But now that they’re putting in a good faith effort (we can debate the anticipated effectiveness, to be sure) to stem the bleeding, everyone just bitches and moans as if they have any clue as to what to do.[/quote]

Not sure if I am included in that number, but I question your above statement. Is this a good faith attempt to fix the bleeding? Worrying about the few hundred million in bonus money and not the hundred billion + of the rest of it? There was NO accountability included in the original TARP/bailouts. Most of the “tough” restrictions of the original AIG bailouts are gone replaced by lots of words but little action. Our “infrastrusture building” ‘Stimulus’ contains a whole lotta stuff that isnt infrasture spending and of dubious ‘stimulus’ in a long term sense.
IN a time of record deficits it seems everyone found time to include their pork inbetween railing on deficit spending and worring out future generations.

I guess I question your assertation of “good faith”. It seems like the same old BS, just a different suit shoveling it.

[quote=davelj] Again, I’m no fan of the current Officialdom. But at least I can sympathize with the bind they’re in (granted, partly of their own making) – they’re damned if they do, damned if they don’t. Not an easy place to be.[/quote]

Id be more sympathetic if they were more honest.

” I realize this is screwing the young and poorer segments of our population, but I really feel that not bailing out the irresponsible and reckless who have overspent would be worse for our country, and those groups we are hurting, than doing nothing at all.”
Atleast then I could believe the words coming out of their mouths, even if I didnt like them.

[DWCAP]

[quote=davelj] But now that they’re putting in a good faith effort (we can debate the anticipated effectiveness, to be sure) to stem the bleeding, everyone just bitches and moans as if they have any clue as to what to do.[/quote]

Not sure if I am included in that number, but I question your above statement. Is this a good faith attempt to fix the bleeding? Worrying about the few hundred million in bonus money and not the hundred billion + of the rest of it? There was NO accountability included in the original TARP/bailouts. Most of the “tough” restrictions of the original AIG bailouts are gone replaced by lots of words but little action. Our “infrastrusture building” ‘Stimulus’ contains a whole lotta stuff that isnt infrasture spending and of dubious ‘stimulus’ in a long term sense.
IN a time of record deficits it seems everyone found time to include their pork inbetween railing on deficit spending and worring out future generations.

I guess I question your assertation of “good faith”. It seems like the same old BS, just a different suit shoveling it.

[quote=davelj] Again, I’m no fan of the current Officialdom. But at least I can sympathize with the bind they’re in (granted, partly of their own making) – they’re damned if they do, damned if they don’t. Not an easy place to be.[/quote]

Id be more sympathetic if they were more honest.

” I realize this is screwing the young and poorer segments of our population, but I really feel that not bailing out the irresponsible and reckless who have overspent would be worse for our country, and those groups we are hurting, than doing nothing at all.”
Atleast then I could believe the words coming out of their mouths, even if I didnt like them.

[Author]

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