Wild west of bailouts

[Ricechex]

Well, to add insult to injury…it looks like all of the uproar about the 700B bailout bill is nothing but a mere memory. Today, the government gave MORE money to Fannie and Freddie.

“None of the $600 billion used to purchase this debt or these mortgage-backed securities will come from TARP.”

Apparently, the house does not even get a chance to vote on these issues now.

Is this really happenning? It didn’t even make front page news. 600 Billion!

http://washingtontimes.com/news/2008/nov/26/bailout-increases-by-800-billion/

[Arraya]

They don’t call him helicopter ben for nothing. Money is coming from so many different angles it will make your head spin. Mish keeps good tabs.

http://globaleconomicanalysis.blogspot.com/

By my count the government has now pledged $8.5 trillion in lending facilities with $5.55 trillion of that coming from the Fed, allowing $250 billion for the Citigroup Bailout Agreement. Taking into consideration Treasury Secretary Henry Paulson’s statement that $200 billion is just the “starting point” for the TALF asset-backed securities program, there is really no upper limit on pledges

[Arraya]

They don’t call him helicopter ben for nothing. Money is coming from so many different angles it will make your head spin. Mish keeps good tabs.

http://globaleconomicanalysis.blogspot.com/

By my count the government has now pledged $8.5 trillion in lending facilities with $5.55 trillion of that coming from the Fed, allowing $250 billion for the Citigroup Bailout Agreement. Taking into consideration Treasury Secretary Henry Paulson’s statement that $200 billion is just the “starting point” for the TALF asset-backed securities program, there is really no upper limit on pledges

[Arraya]

They don’t call him helicopter ben for nothing. Money is coming from so many different angles it will make your head spin. Mish keeps good tabs.

http://globaleconomicanalysis.blogspot.com/

By my count the government has now pledged $8.5 trillion in lending facilities with $5.55 trillion of that coming from the Fed, allowing $250 billion for the Citigroup Bailout Agreement. Taking into consideration Treasury Secretary Henry Paulson’s statement that $200 billion is just the “starting point” for the TALF asset-backed securities program, there is really no upper limit on pledges

[Arraya]

They don’t call him helicopter ben for nothing. Money is coming from so many different angles it will make your head spin. Mish keeps good tabs.

http://globaleconomicanalysis.blogspot.com/

By my count the government has now pledged $8.5 trillion in lending facilities with $5.55 trillion of that coming from the Fed, allowing $250 billion for the Citigroup Bailout Agreement. Taking into consideration Treasury Secretary Henry Paulson’s statement that $200 billion is just the “starting point” for the TALF asset-backed securities program, there is really no upper limit on pledges

[Arraya]

They don’t call him helicopter ben for nothing. Money is coming from so many different angles it will make your head spin. Mish keeps good tabs.

http://globaleconomicanalysis.blogspot.com/

By my count the government has now pledged $8.5 trillion in lending facilities with $5.55 trillion of that coming from the Fed, allowing $250 billion for the Citigroup Bailout Agreement. Taking into consideration Treasury Secretary Henry Paulson’s statement that $200 billion is just the “starting point” for the TALF asset-backed securities program, there is really no upper limit on pledges

[carlsbadworker]

[quote=Ricechex]Well, to add insult to injury…it looks like all of the uproar about the 700B bailout bill is nothing but a mere memory. Today, the government gave MORE money to Fannie and Freddie.

“None of the $600 billion used to purchase this debt or these mortgage-backed securities will come from TARP.”

Apparently, the house does not even get a chance to vote on these issues now.

Is this really happenning? It didn’t even make front page news. 600 Billion!

http://washingtontimes.com/news/2008/nov/26/bailout-increases-by-800-billion/

[/quote]

Yes. That’s really disgusting. I thought that since TARP money won’t be used for mortgage-backed securities anymore, taxpayers are finally protected from these toxic assets.
By the way, since TARP is not longer really for “Troubled Asset” Relief Program, it should start to use its real name “Credit Relief Alternative Program”, or CRAP in short.

[carlsbadworker]

[quote=Ricechex]Well, to add insult to injury…it looks like all of the uproar about the 700B bailout bill is nothing but a mere memory. Today, the government gave MORE money to Fannie and Freddie.

“None of the $600 billion used to purchase this debt or these mortgage-backed securities will come from TARP.”

Apparently, the house does not even get a chance to vote on these issues now.

Is this really happenning? It didn’t even make front page news. 600 Billion!

http://washingtontimes.com/news/2008/nov/26/bailout-increases-by-800-billion/

[/quote]

Yes. That’s really disgusting. I thought that since TARP money won’t be used for mortgage-backed securities anymore, taxpayers are finally protected from these toxic assets.
By the way, since TARP is not longer really for “Troubled Asset” Relief Program, it should start to use its real name “Credit Relief Alternative Program”, or CRAP in short.

[carlsbadworker]

[quote=Ricechex]Well, to add insult to injury…it looks like all of the uproar about the 700B bailout bill is nothing but a mere memory. Today, the government gave MORE money to Fannie and Freddie.

“None of the $600 billion used to purchase this debt or these mortgage-backed securities will come from TARP.”

Apparently, the house does not even get a chance to vote on these issues now.

Is this really happenning? It didn’t even make front page news. 600 Billion!

http://washingtontimes.com/news/2008/nov/26/bailout-increases-by-800-billion/

[/quote]

Yes. That’s really disgusting. I thought that since TARP money won’t be used for mortgage-backed securities anymore, taxpayers are finally protected from these toxic assets.
By the way, since TARP is not longer really for “Troubled Asset” Relief Program, it should start to use its real name “Credit Relief Alternative Program”, or CRAP in short.

[carlsbadworker]

[quote=Ricechex]Well, to add insult to injury…it looks like all of the uproar about the 700B bailout bill is nothing but a mere memory. Today, the government gave MORE money to Fannie and Freddie.

“None of the $600 billion used to purchase this debt or these mortgage-backed securities will come from TARP.”

Apparently, the house does not even get a chance to vote on these issues now.

Is this really happenning? It didn’t even make front page news. 600 Billion!

http://washingtontimes.com/news/2008/nov/26/bailout-increases-by-800-billion/

[/quote]

Yes. That’s really disgusting. I thought that since TARP money won’t be used for mortgage-backed securities anymore, taxpayers are finally protected from these toxic assets.
By the way, since TARP is not longer really for “Troubled Asset” Relief Program, it should start to use its real name “Credit Relief Alternative Program”, or CRAP in short.

[carlsbadworker]

[quote=Ricechex]Well, to add insult to injury…it looks like all of the uproar about the 700B bailout bill is nothing but a mere memory. Today, the government gave MORE money to Fannie and Freddie.

“None of the $600 billion used to purchase this debt or these mortgage-backed securities will come from TARP.”

Apparently, the house does not even get a chance to vote on these issues now.

Is this really happenning? It didn’t even make front page news. 600 Billion!

http://washingtontimes.com/news/2008/nov/26/bailout-increases-by-800-billion/

[/quote]

Yes. That’s really disgusting. I thought that since TARP money won’t be used for mortgage-backed securities anymore, taxpayers are finally protected from these toxic assets.
By the way, since TARP is not longer really for “Troubled Asset” Relief Program, it should start to use its real name “Credit Relief Alternative Program”, or CRAP in short.

[DWCAP]

Thank you CBworker, that made me laugh and I really needed it.

You know what really pisses me off about all this, when it is all over, it will be considered a success and they will be hailed as heros regardless if anything is actually fixed or if it takes 10 years to work.

[DWCAP]

Thank you CBworker, that made me laugh and I really needed it.

You know what really pisses me off about all this, when it is all over, it will be considered a success and they will be hailed as heros regardless if anything is actually fixed or if it takes 10 years to work.

[DWCAP]

Thank you CBworker, that made me laugh and I really needed it.

You know what really pisses me off about all this, when it is all over, it will be considered a success and they will be hailed as heros regardless if anything is actually fixed or if it takes 10 years to work.

[DWCAP]

Thank you CBworker, that made me laugh and I really needed it.

You know what really pisses me off about all this, when it is all over, it will be considered a success and they will be hailed as heros regardless if anything is actually fixed or if it takes 10 years to work.

[Author]

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