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Politics : Formerly About Advanced Micro Devices

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To: steve harris who wrote (663188)	7/21/2012 4:46:08 AM
From: SilentZ	Read Replies (3) of 1576949

>Did you know that no TARP funds went to TARP? >It was passed and Paulson said, I think I'll take the money and do what I want with it, forget I'm not going to do with it what you thought I was. Not exactly. They did sort of broaden the definition of what fell under it, but the philosophy was the same. They used TARP money to buy preferred shares of bank stock, which were definitely troubled assets at that point. >Looks like Elizabeth Warren said sure, why not. Except that ain't true. From the research you made me do yesterday, I found that Warren took over the oversight of TARP on November 14th, 2008. When did the revisions get made? Lookee here: "On October 14, 2008, Secretary of the Treasury Henry Paulson and President Bush separately announced revisions to the TARP program." en.wikipedia.org >The toxic assets remain on the books today, but the bankers got their bonuses thanks to Elizabeth Warren looking the other way. How many times have I seen you defend said bonuses? >(D) is good, (R) is bad. Got it. Nope. (R) is bad, a handful of (D)s are good. That seems to be the best we can do. -Z

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