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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: Sr K who wrote (117680)	7/30/2012 9:53:53 AM
From: John Vosilla	Read Replies (1) \| Respond to of 149317

That's why the TeaParty has a backing. It's not business as usual..... Where were these people when 'deficits don't matter' according to Cheney or the quadrupuling of the military industrial complex post 9/11 or skyrocketing local government outlays during the housing bubble? These same people chose the direction we took in those crucial years from 2002-05 when the game changed. Even today no one can agree on even trimming the military even though it is mandated if no compromise is reached... I am sure if Romney and the GOP get to control everything 20013-16 will look a lot like 2002-05 again for better or for worse so short term gain and longer term even bigger pain yet again

To: Sr K who wrote (117680)	8/4/2012 8:42:01 AM
From: steve harris	Read Replies (1) \| Respond to of 149317

What's the source of your figures. I'd like to look at them. My first thought was, the same people dead set against investing social security receipts into the stock market are the same ones applauding pouring tax money into wallstreet and the bankers to reimburse them for their investment losses.

To: Sr K who wrote (117680)	8/4/2012 12:47:55 PM
From: tejek	Respond to of 149317

The indirect way Treasury did it was to flow the $700 billion to the banks, with the banks issuing senior preferred stock. Those securities, now mostly repaid, paid 5% preferred stock dividends and the banks issued warrants when they issued the preferred stock. From the dividends and the warrants, the U.S. Treasury now has a $20 billion projected profit. The TARP has been almost fully repaid. The toxic assets are mostly not on the books today. Banks that survived have allowances for those that were valued too high. Good analysis. The other piece to this analysis is that once the markets hit bottom and start to recover those toxic assets may be still toxic but not as toxic. As the markets improve, their value improves.