The Obama - Clinton Disaster Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : The Obama - Clinton Disaster

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Wayners who wrote (25716)	2/5/2010 8:20:11 PM
From: DuckTapeSunroof	Read Replies (1) of 103300

I believe they (like TARP itself) were accounted for in 'supplementals' and, as bailout investments get repaid to the Treasury officially the 'off-balance sheet' special items get marked down until there are no further recoveries to report... at which point in time any remaining losses (if there indeed are any, there may be no losses at the end of the process or even, as with the original TARP, there may be profits to report) are required to be folded back into the official national budget. But, I agree with your general observation, and would add that --- as far as the "Agency" obligations go --- the "implicit government guarantee" that these quasi-private / quasi-public special purpose entities have carried for nigh-on to 30 + years or so.... (Going back to their very foundings...), has been a crisis waiting to happen for a LONG, LONG time. Something either IS, or it IS NOT. There is no "magic pixie dust" that can turn a guarantee into a "never will cost" certainty. America has been lying to itself for GENERATIONS about this... and only the Baby Boom housing bubble has kept this chit from ever being called for so very long....

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next