| Author |
Topic:
We Bailed Out Bankers and They Are Still Pissing On Us [Locked] |
Sansfear  Posts: 757
Registered: 2008-8-31 05:04:52
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Date Posted:
1/1/00 12:00am
Subject:
We Bailed Out Bankers and They Are Still Pissing On Us |
That 17T figure is ridiculous misleading and false. Most of it is through short-term (i.e. one day loans) that were immediately repaid.
If you loan someone a billion dollars and they repay it the same day and you do it every day for 4 years, you've 'loaned' them $1.46T even though they never borrowed more than a billion at a time.
Also, the majority of the money that WAS loaned to the banks during the bailout (TARP) has been repaid. AIG, I think is the main one that has not, but the bailout money was repaid with interest by most banks as soon as they realized that the Feds were going to use the loans to dictate their business practices.
http://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program#Participants |
Ashmaele  Title: Pastor of Muppets
Posts: 1,809
Registered: 2002-1-15 08:30:50
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Date Posted:
1/1/00 12:00am
Subject:
We Bailed Out Bankers and They Are Still Pissing On Us |
Sin_of_Onin posted:
Clueless morons who fail at math
 Austrian School principles employ no math at all, not a single principle that they espouse that I'm aware of can be proven mathematically.
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reesescups Title: //Captain America
Posts: 2,537
Registered: 2003-5-26 14:45:53
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Date Posted:
1/1/00 12:00am
Subject:
We Bailed Out Bankers and They Are Still Pissing On Us |
I wish I could get an interest free one day loan...
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Brother_Tempus Title: Patriot
Posts: 985
Registered: 2001-1-9 08:07:00
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Date Posted:
1/1/00 12:00am
Subject:
We Bailed Out Bankers and They Are Still Pissing On Us |
theredkay1 posted:
Desnoxvu posted:
They also do it by getting free money from the Federal Reserve discount window. It is a wonder that people haven't wondered why these credit card companies, mortage companies and student loan institutions have all the money and we need to become their slaves in order to surpass a distorted and inflated economy.
Discount window is almost entirely overnight loans. Hard to do very much with a loan that is due tomorrow.
The Fed was allowing the banks to borrow @ 0% and then park the money @ the Fed for a 3% return ... that is free money
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Sansfear Posts: 757
Registered: 2008-8-31 05:04:52
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Date Posted:
1/1/00 12:00am
Subject:
We Bailed Out Bankers and They Are Still Pissing On Us |
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They also let the banks act as a go-between for the loans the government pays to itself.
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theredkay1 Posts: 611
Registered: 2008-5-16 10:37:09
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Date Posted:
1/1/00 12:00am
Subject:
We Bailed Out Bankers and They Are Still Pissing On Us |
reesescups posted:
I wish I could get an interest free one day loan...
Just about every credit card company will give you one. 
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DemonicXH Title: Camelot Vault Staff
News Editor
Posts: 584
Registered: 2003-12-1 08:14:17
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Date Posted:
1/1/00 12:00am
Subject:
We Bailed Out Bankers and They Are Still Pissing On Us |
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I just watch Too Big To Fail and I know it was based on a book but I wonder how accurate the author was.
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Ashmaele Title: Pastor of Muppets
Posts: 1,809
Registered: 2002-1-15 08:30:50
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Date Posted:
1/1/00 12:00am
Subject:
We Bailed Out Bankers and They Are Still Pissing On Us |
DemonicXH posted:
I just watch Too Big To Fail and I know it was based on a book but I wonder how accurate the author was.
It was a great flick but you have to be careful about documentaries...nearly all of them are pushing some sort of biased agenda.
ETA: If you liked that I also highly recommend Enron: The Smartest Guys in the Room
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I had a dream. It was an incredible dream. When I awoke, I had a huge mess to clean up.
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theredkay1 Posts: 611
Registered: 2008-5-16 10:37:09
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Date Posted:
1/1/00 12:00am
Subject:
We Bailed Out Bankers and They Are Still Pissing On Us |
Brother_Tempus posted:
theredkay1 posted:
Discount window is almost entirely overnight loans. Hard to do very much with a loan that is due tomorrow.
The Fed was allowing the banks to borrow @ 0% and then park the money @ the Fed for a 3% return ... that is free money
Explain the 3% return.
Exactly what where the banks doing? Be specific.
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reesescups Title: //Captain America
Posts: 2,537
Registered: 2003-5-26 14:45:53
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Date Posted:
1/1/00 12:00am
Subject:
We Bailed Out Bankers and They Are Still Pissing On Us |
theredkay1 posted:
reesescups posted:
I wish I could get an interest free one day loan...
Just about every credit card company will give you one.
For a billion USD?
Really, where do I sign up?
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"man up, you wimp." - Groucho48
"I'm not racist at all." - dae_trist
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