SI
SI
discoversearch

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.
Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Cal Amari who wrote (202473)5/15/2009 2:56:48 PM
From: NOWRespond to of 306849
 
quite a change of heart he had: probably just got misquoted...not



To: Cal Amari who wrote (202473)5/16/2009 2:47:11 AM
From: NOWRespond to of 306849
 
I was able to get a copy of the letter the Treasury sent to Mr. Patterson to urge him to recant his words. Read it below:
To: Mark Patterson of MatlinPatterson
From: The Treasury, you Punk
Re: Stupid words, but we can save this thing yet!

Mr. Patterson,
We at the Treasury were deeply saddened to read your comments made in Qatar concerning the TARP program. While we bent over backwards to hand out money so you and your ilk could spend taxpayer money to enrich yourselves, we are rewarded with this kind of slap across the face. Here at the Treasury we have a saying:
"Don't' Piss Down My Back and Tell Me It's Raining!"
Which yes, we stole from the "Outlaw Josey Wales"; regardless please be advised that we do not take kindly to being portrayed as ripping off the public, we are doing that, but to say so is poor taste.

Luckily after review of your comment transcript we at the Treasury have a way this can be fixed. Please find the text of what your new comments to be made, no later than Friday Morinng May 15th, will include. Do not change or alter these words in any way:

"On my comments in Qatar I would like to clarify some items that were fabricated, misstated, misquoted, and mischaracterized. While I did use the word "sham" what was not reported was that I stated that the TARP program was in fact a huge "SHAM-WOW" that was in effect sopping up the market ills of bad assets. This service is vital to the smooth flow of credit to households and small business. It has been reported that I said the taxpayers were getting "ripped off" but if you listen to the transcript closely you will hear that what I said was that losses for the taxpayer on TARP had been "WRITTEN OFF" as impossible because the deal they were getting was so awesome.

Thanks in advance for any corrections and any removal of any archived web material that states otherwise.
Mark Patterson"

The Treasury trusts you will follow our guidelines as not to jeopardize the bank secondary offerings during this silly market bounce. Not that we are threatening you, but we do control the IRS and your MySpace page does include many "friends" of the female gender that are, how shall we say, of an age bracket that may become inconvenient should the FBI want to look into it. Not that we control the FBI.

Thanks in Advance,
The Treasury, you punk