Comments on: There’s no way out of TARP http://norunnyeggs.com/2009/04/theres-no-way-out-of-tarp/ The repository of one hard-boiled egg from the south suburbs of Milwaukee, Wisconsin (and the occassional guest-blogger). The ramblings within may or may not offend, shock and awe you, but they are what I (or my guest-bloggers) think. Wed, 16 May 2012 12:23:39 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: John Washburn http://norunnyeggs.com/2009/04/theres-no-way-out-of-tarp/comment-page-1/#comment-37278 John Washburn Fri, 17 Apr 2009 22:32:05 +0000 http://norunnyeggs.com/?p=5445#comment-37278 Re: Arguably, back then, the Bush administration was acting for purely economic reasons. Where the heck did that stupid assumption come from? There is no evidence Bush was acting from any economic-based motive. TARP is and always has been about power. Money is at bes the tool. Even the 3-page Bush/Paulson plan made this clear. The Government decides which assets it wants to "buy". The Government sets the "price" and the "terms". And there is nothing the company recieving this "help" can do about it. The Obama use of the power usurped by Bush are the same as when Bush wanted to use them. the target of the largesse <i>might</i> change slightly. But since Goldman Sachs Boyz run the treasury, even that is unlikley. Stuart Varney clearly believes: "It's not Fascism when our side does it." Re: Arguably, back then, the Bush administration was acting for purely economic reasons.

Where the heck did that stupid assumption come from?

There is no evidence Bush was acting from any economic-based motive.

TARP is and always has been about power. Money is at bes the tool.

Even the 3-page Bush/Paulson plan made this clear. The Government decides which assets it wants to “buy”. The Government sets the “price” and the “terms”. And there is nothing the company recieving this “help” can do about it.

The Obama use of the power usurped by Bush are the same as when Bush wanted to use them. the target of the largesse might change slightly. But since Goldman Sachs Boyz run the treasury, even that is unlikley.

Stuart Varney clearly believes: “It’s not Fascism when our side does it.”

]]> By: dad29 http://norunnyeggs.com/2009/04/theres-no-way-out-of-tarp/comment-page-1/#comment-37263 dad29 Thu, 16 Apr 2009 01:15:08 +0000 http://norunnyeggs.com/?p=5445#comment-37263 It remains true that revealing the TARP-dependent banks will be problematic. After all, Citibank IS a Zombie and should simply be sold off in pieces; perhaps the same is true of M&I and Bank of America. It remains true that revealing the TARP-dependent banks will be problematic.

After all, Citibank IS a Zombie and should simply be sold off in pieces; perhaps the same is true of M&I and Bank of America.

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