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Care to back that up?

I didn't care for the bailouts, if I had a say I wouldn't have had bail outs for the banks or the auto companies. I don't get all misty eyed for people who foreclosed due to subprime ARM's on houses they couldn't afford.

I think history will show that most of the TARP money and other government overstepping in the financial market will get repaid, with interest. I don't think they should have done this in the first place, but at least I don't think it was tax dollars down the drain.

Lets not forget that TARP never purchased troubled assets. They provided capital instead. Five of the major receipients have already paid Uncle Sam back: J.P. Morgan Chase, Goldman Sachs Group, Morgan Stanley, Bank of New York Mellon and State Street.

Don't expect to even get a percentage of the principle back from the automakers. This was a huge expense that our kids and our kids kids will have to pay for.


The feds are never going to let go of the banks. if you believe otherwise, you're being naive. Sorry.


What the feds do with the banks has nothing to do with the banks repaying the amounts that were "lent" to them.

I didn't comment at all on what the federal governments future actions are going to be.


DougH
1997 SR - Current Lawn Ornament
1995 SR - RIP
1993 RS - RIP