TARP has lost 40% since inception

[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.

[davelj]

[quote=DWCAP]
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.
[/quote]

To your first issue: It’s called politics, man. You know, legislative democracy and all. That’s how it works. It ain’t pretty.

To your second issue: Agreed. People are more amenable to your fucking them if you explain to them why you’re fucking them. If they can see that at least you’re being honest with them, it’s easier to take.

But, again… we come back to that politics thing.

[davelj]

[quote=DWCAP]
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.
[/quote]

To your first issue: It’s called politics, man. You know, legislative democracy and all. That’s how it works. It ain’t pretty.

To your second issue: Agreed. People are more amenable to your fucking them if you explain to them why you’re fucking them. If they can see that at least you’re being honest with them, it’s easier to take.

But, again… we come back to that politics thing.

[davelj]

[quote=DWCAP]
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.
[/quote]

To your first issue: It’s called politics, man. You know, legislative democracy and all. That’s how it works. It ain’t pretty.

To your second issue: Agreed. People are more amenable to your fucking them if you explain to them why you’re fucking them. If they can see that at least you’re being honest with them, it’s easier to take.

But, again… we come back to that politics thing.

[davelj]

[quote=DWCAP]
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.
[/quote]

To your first issue: It’s called politics, man. You know, legislative democracy and all. That’s how it works. It ain’t pretty.

To your second issue: Agreed. People are more amenable to your fucking them if you explain to them why you’re fucking them. If they can see that at least you’re being honest with them, it’s easier to take.

But, again… we come back to that politics thing.

[davelj]

[quote=DWCAP]
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.
[/quote]

To your first issue: It’s called politics, man. You know, legislative democracy and all. That’s how it works. It ain’t pretty.

To your second issue: Agreed. People are more amenable to your fucking them if you explain to them why you’re fucking them. If they can see that at least you’re being honest with them, it’s easier to take.

But, again… we come back to that politics thing.

[gandalf]

Cover for Obama? Did I hear that right?

It’s cover alright, but not for politicians. For the payouts to AIG counter-party, Goldman Sachs and others.

If you’re looking to blame assholes in Washington, the REPUBLICAN majority in congress passed Gramm-Leach-Bliley — over Democratic opposition I should add, lesser of two evils. GLB and GOP-backed deregulation loosened the reigns on CDS and derivatives. The CDS losses EXCEED losses in housing and MBS. AIG is the epicenter of CDS.

Phil Gramm, Republican, is responsible, more so than any other politician, for the disaster we find ourselves in. There are a number of other politicians. I’ll single out that ASSHOLE Dodd, toadstool of the AIG lobby, for amending the bailout legislation at the last minute to allow for bonuses. Barney Frank was there too.

You all are listening to too much Rush, ‘home-skooled’ GOP minions, haters. As if the Republicans had no role in what happened…

[gandalf]

Cover for Obama? Did I hear that right?

It’s cover alright, but not for politicians. For the payouts to AIG counter-party, Goldman Sachs and others.

If you’re looking to blame assholes in Washington, the REPUBLICAN majority in congress passed Gramm-Leach-Bliley — over Democratic opposition I should add, lesser of two evils. GLB and GOP-backed deregulation loosened the reigns on CDS and derivatives. The CDS losses EXCEED losses in housing and MBS. AIG is the epicenter of CDS.

Phil Gramm, Republican, is responsible, more so than any other politician, for the disaster we find ourselves in. There are a number of other politicians. I’ll single out that ASSHOLE Dodd, toadstool of the AIG lobby, for amending the bailout legislation at the last minute to allow for bonuses. Barney Frank was there too.

You all are listening to too much Rush, ‘home-skooled’ GOP minions, haters. As if the Republicans had no role in what happened…

[gandalf]

Cover for Obama? Did I hear that right?

It’s cover alright, but not for politicians. For the payouts to AIG counter-party, Goldman Sachs and others.

If you’re looking to blame assholes in Washington, the REPUBLICAN majority in congress passed Gramm-Leach-Bliley — over Democratic opposition I should add, lesser of two evils. GLB and GOP-backed deregulation loosened the reigns on CDS and derivatives. The CDS losses EXCEED losses in housing and MBS. AIG is the epicenter of CDS.

Phil Gramm, Republican, is responsible, more so than any other politician, for the disaster we find ourselves in. There are a number of other politicians. I’ll single out that ASSHOLE Dodd, toadstool of the AIG lobby, for amending the bailout legislation at the last minute to allow for bonuses. Barney Frank was there too.

You all are listening to too much Rush, ‘home-skooled’ GOP minions, haters. As if the Republicans had no role in what happened…

[gandalf]

Cover for Obama? Did I hear that right?

It’s cover alright, but not for politicians. For the payouts to AIG counter-party, Goldman Sachs and others.

If you’re looking to blame assholes in Washington, the REPUBLICAN majority in congress passed Gramm-Leach-Bliley — over Democratic opposition I should add, lesser of two evils. GLB and GOP-backed deregulation loosened the reigns on CDS and derivatives. The CDS losses EXCEED losses in housing and MBS. AIG is the epicenter of CDS.

Phil Gramm, Republican, is responsible, more so than any other politician, for the disaster we find ourselves in. There are a number of other politicians. I’ll single out that ASSHOLE Dodd, toadstool of the AIG lobby, for amending the bailout legislation at the last minute to allow for bonuses. Barney Frank was there too.

You all are listening to too much Rush, ‘home-skooled’ GOP minions, haters. As if the Republicans had no role in what happened…

[gandalf]

Cover for Obama? Did I hear that right?

It’s cover alright, but not for politicians. For the payouts to AIG counter-party, Goldman Sachs and others.

If you’re looking to blame assholes in Washington, the REPUBLICAN majority in congress passed Gramm-Leach-Bliley — over Democratic opposition I should add, lesser of two evils. GLB and GOP-backed deregulation loosened the reigns on CDS and derivatives. The CDS losses EXCEED losses in housing and MBS. AIG is the epicenter of CDS.

Phil Gramm, Republican, is responsible, more so than any other politician, for the disaster we find ourselves in. There are a number of other politicians. I’ll single out that ASSHOLE Dodd, toadstool of the AIG lobby, for amending the bailout legislation at the last minute to allow for bonuses. Barney Frank was there too.

You all are listening to too much Rush, ‘home-skooled’ GOP minions, haters. As if the Republicans had no role in what happened…

[Allan from Fallbrook]

Gandalf: Whoa! Easy there, dude. You’re right, but you’re also not telling the entire story, either.

What about Clinton’s repeal of the Glass-Steagall Act? More importantly, what about the powers behind the throne agitating for that? Namely, Robert Rubin and Alan Greenspan.

This was not an insignificant thing, and it set in motion many of the ills we’re confronting right now, not the least of which was the removal of necessary barriers regarding what commercial banking and investment banking entities could and could not do. Also, look at the impact of the Financial Services Modernization Act (the so-called “Citi-Travelers Act”), which allowed for the formation of Citi by merging Citibank and Travelers Insurance. An institution that became “too large to fail”.

And I don’t think it’s a coincidence that Rubin goes from being Clinton’s Secretary of Treasury to the vice chairmanship at Citigroup.

Sorry, but if you’re going to tell the story, tell the entire story and not in such a way as to just throw the GOP under the bus. Plenty of blame to go around, including the Dems and including a lot of the same players surrounding Obama RIGHT NOW.

[Allan from Fallbrook]

Gandalf: Whoa! Easy there, dude. You’re right, but you’re also not telling the entire story, either.

What about Clinton’s repeal of the Glass-Steagall Act? More importantly, what about the powers behind the throne agitating for that? Namely, Robert Rubin and Alan Greenspan.

This was not an insignificant thing, and it set in motion many of the ills we’re confronting right now, not the least of which was the removal of necessary barriers regarding what commercial banking and investment banking entities could and could not do. Also, look at the impact of the Financial Services Modernization Act (the so-called “Citi-Travelers Act”), which allowed for the formation of Citi by merging Citibank and Travelers Insurance. An institution that became “too large to fail”.

And I don’t think it’s a coincidence that Rubin goes from being Clinton’s Secretary of Treasury to the vice chairmanship at Citigroup.

Sorry, but if you’re going to tell the story, tell the entire story and not in such a way as to just throw the GOP under the bus. Plenty of blame to go around, including the Dems and including a lot of the same players surrounding Obama RIGHT NOW.

[Allan from Fallbrook]

Gandalf: Whoa! Easy there, dude. You’re right, but you’re also not telling the entire story, either.

What about Clinton’s repeal of the Glass-Steagall Act? More importantly, what about the powers behind the throne agitating for that? Namely, Robert Rubin and Alan Greenspan.

This was not an insignificant thing, and it set in motion many of the ills we’re confronting right now, not the least of which was the removal of necessary barriers regarding what commercial banking and investment banking entities could and could not do. Also, look at the impact of the Financial Services Modernization Act (the so-called “Citi-Travelers Act”), which allowed for the formation of Citi by merging Citibank and Travelers Insurance. An institution that became “too large to fail”.

And I don’t think it’s a coincidence that Rubin goes from being Clinton’s Secretary of Treasury to the vice chairmanship at Citigroup.

Sorry, but if you’re going to tell the story, tell the entire story and not in such a way as to just throw the GOP under the bus. Plenty of blame to go around, including the Dems and including a lot of the same players surrounding Obama RIGHT NOW.

[Allan from Fallbrook]

Gandalf: Whoa! Easy there, dude. You’re right, but you’re also not telling the entire story, either.

What about Clinton’s repeal of the Glass-Steagall Act? More importantly, what about the powers behind the throne agitating for that? Namely, Robert Rubin and Alan Greenspan.

This was not an insignificant thing, and it set in motion many of the ills we’re confronting right now, not the least of which was the removal of necessary barriers regarding what commercial banking and investment banking entities could and could not do. Also, look at the impact of the Financial Services Modernization Act (the so-called “Citi-Travelers Act”), which allowed for the formation of Citi by merging Citibank and Travelers Insurance. An institution that became “too large to fail”.

And I don’t think it’s a coincidence that Rubin goes from being Clinton’s Secretary of Treasury to the vice chairmanship at Citigroup.

Sorry, but if you’re going to tell the story, tell the entire story and not in such a way as to just throw the GOP under the bus. Plenty of blame to go around, including the Dems and including a lot of the same players surrounding Obama RIGHT NOW.

[Author]

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