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Bailout Costing U.S. Taxpayers Billions, TARP Watchdog Warns

US Politics & Gov't  (tags: bank bailout, corporate greed, usa, economy, corruption, media, lies, politics, obama, government, ethics, news )

- 1969 days ago -
Guess what, American taxpayer: More than four years after the financial crisis started, you are still on the hook for a nearly $15 billion investment in a subprime mortgage lender.

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Carol H (229)
Wednesday January 30, 2013, 4:31 am
not at all surprised, thanks Cal

Past Member (0)
Wednesday January 30, 2013, 5:57 am

Past Member (0)
Wednesday January 30, 2013, 8:26 am
When ordinary, hard-working Americans do stupid things, they have to pay for the costs of their mistakes. When the wealthy elites make mistakes, they don't. Instead the 1% can bring this country to its knees and not only do the rich not face any consequences, it's all of the rest of us that have to pay for the damage. Isn't it time we start holding torch-lit processions through wealthy neighborhoods, so that they at least get the idea that we're getting really fed up with their parasitic ways?

Past Member (0)
Wednesday January 30, 2013, 12:21 pm
When the republican voter supports a "free capital" system, This is what we get. It's the product of low or no information. It doesn't "sort itself out". The Constitution said we were to have a free press to better inform the people. That press has been bought up, unconstitutionally by the right. The very people that cry unconstitutional every time we fight back. When Reagan trashed the fairness doctrine, he opened the flood gates for corporate fascism. Karl Rove is the helmsman.
Being on the hook for a little longer is the least of our problems. We need to look at the cause and effect. We need our laws back. We need republicans to appoint those law keepers for us. Not filibuster them for 4 more years for the corporations and wall street.

Lois Jordan (63)
Wednesday January 30, 2013, 2:22 pm
Long ago, I said I wouldn't be happy until I woke up one day to the "perp walks" being taken by handcuffs. Why am I surprised that none has happened? When "Heckuva-Job-Brownie" got patted on the back by Bush, I knew this country was in trouble regarding those in power on a national level. I waited for the tide to change....and am still waiting. Banks got bailed out, we got sold out!

Past Member (0)
Wednesday January 30, 2013, 2:48 pm
I know what you mean, Lois. When Bush deregulated the banks for the sake of free capitalism, he suspended many laws. I was watching CNN when the reason for no one going to jail was stated by Eric Holder..."We tried to prosecute these guys but the broke no laws". Did ANY ONE pick up on that and do a story about such an important statement? Did any of you know that was said?
Hell no! The media, besides Karl Rove has been our worse enemy and it's by design.

Past Member (0)
Wednesday January 30, 2013, 3:29 pm
Sorry Cal. It's a good bit of info but I just need people to know the things the media doesn't want us to know. The things that would help us focus on the undoing of democracy. Filibuster of appointments. The massive trashing of the Constitution while pointing at us, the good guys. TY

Past Member (0)
Wednesday January 30, 2013, 4:22 pm

Billie C (2)
Wednesday January 30, 2013, 8:41 pm
no surprise here. why haven't the to big to fail been broken down? obama got his legislation passed that made it law that we will always have to bail out the to big to fail they can never be split. why? one of obama's more stupid things.

Charlene Rush (79)
Thursday January 31, 2013, 12:41 pm
There is TARP, that is absolutely, fundamental for the sustainability of certain areas.
The should be obvious, to the average thinking person.
Having said that, it appears to me, that certain conditions should be placed with this program, along with some type of reimbursement, at a reasonable time.
This is pertinent, in order to help prevent WASTE, which we saw in the New Orleans disaster with the housing units that were left unoccupied.

My main concern, as I believe should be everyone else's, is P-O-R-K.
Let's get rid of P-O-R-K.
While some of our legislators are screaming about 'tarp', they are packing bills with P-O-R-K for their own districts, in order to guarantee their re-election.

For real, we must start a campaign against P-O-R-K.
(I think you can see, that I feel very serious about this subject.)
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