Despite claims, bailouts not over yet

Despite claims, bailouts not over yet

apnews.myway.com

The Treasury Department says its bank bailouts are over, but the spending continues.

In a Sept. 22 speech, Treasury Secretary Timothy Geithner said the bailouts "are completely behind us."

That's not quite correct. In the final six months in which it could spend money from the Troubled Asset Relief Program, Treasury set aside $243 million for new contracts for law firms, accountants and money managers to help run what's left of the bailouts - on top of the $529 million already spent on work by staff, private companies and other agencies. Many of the contracts last until 2019, and the

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I think everyone can agree, the U.S. is a mess...

Treasury officials continue to cast TARP as a success. Most of the Wall Street giants that got the first bailouts have reported another quarter of profits.

Yet Treasury still has no plan for recapturing investments from the banks that can't pay dividends or repay their bailouts. That program doesn't have an end date.

Greed is good.

apnews.myway.com
(visit the link for the full news article)

The US Government has made 27 Billion Dollars in interest, dividends and stock warrants from TARP.

403 Billion Disbursed

207 Billion Returned

27 Billion in Revenue

The amounts you are quoting are nickels and dimes. And it certainly doesn't mean more trouble. The US is going to end up making good money on the full amount over time. Where that extra money goes is another story.

Originally posted by Dance4Life
The US Government has made 27 Billion Dollars in interest, dividends and stock warrants from TARP.

403 Billion Disbursed

207 Billion Returned

27 Billion in Revenue

The amounts you are quoting are nickels and dimes. And it certainly doesn't mean more trouble. The US is going to end up making good money on the full amount over time. Where that extra money goes is another story.

Your kidding right ???? government made money on money they borrowed in the first place?? your part of the problem thinking like that.

The only one who makes any money is the one getting interest on the fake money being loaned out. THE FED

reply to post by Dance4Life




Easy explanation of what happened:

A subsidiary of a bank loans entity money. Bank becomes insolvent. Entity takes out another loan from the subsidiary, then turns around and loans that amount out to the bank. The books balance but the debt is just offset to the Entity. Bank is allowed to run until it recovers enough to give the entity a small offset on the interest of the primary loan from the subsidiary.

It's musical chairs folks.

Dünyanın yeni lideri Çin olacak. Obama, Amerika için bir şans değil, talihsizlik.

Originally posted by svpwizard

Originally posted by Dance4Life
The US Government has made 27 Billion Dollars in interest, dividends and stock warrants from TARP.

403 Billion Disbursed

207 Billion Returned

27 Billion in Revenue

The amounts you are quoting are nickels and dimes. And it certainly doesn't mean more trouble. The US is going to end up making good money on the full amount over time. Where that extra money goes is another story.

Your kidding right ???? government made money on money they borrowed in the first place?? your part of the problem thinking like that.

The only one who makes any money is the one getting interest on the fake money being loaned out. THE FED

Wow, you just have no idea how things work. Typical uneducated statement, let me guess you have no formal education and like to read blogs written by armchair professionals? Let me give you a lesson kid. The FED buys securities on the secondary market. The U.S. Government borrows money when they sell securities at an auction. Me, you, or the other goons wearing a tin foil hat can buy these as well.

The FED of course earns money on the securities held but returns somewhere between 85-95% of interest collected back to the US Treasury.

If at some point the Federal Reserve were to be taken apart immediately, once all debts were paid and the member banks were paid back their dues all other monetary assets would revert back to the US Government.



2009 Fed Reserve System Audits

Law on return of assets


Law stating these facts and others



Guess what? YOU are the problem. The sooner you and your cousins evolve the sooner we can start to make progress in the world. Before you think about ever calling me out again you better do some homework first.