Are the tea baggers afraid of wallstreet or owned by them???

[Bill Cosby]

They are getting ready for their big rumble tomorrow but I have to wonder/ask??

They talk on about the constitution, socialism, czars, taxes etc yet I don't hear them complaining about all that money wallstreet was given.......... These guys are raking in millions still in bonuses & on the backs of folks that will never make that much in their lifetime..........

Such a blatant robbery of the American ppl by both parties &????? (the sound of silence heard here)

[Revere]

Wasn't most of TARP repaid, with interest?

[Bill Cosby]

I don't know, nor do I know what the source of that money was.........

But is that the point??? NO.............

The point is the guVment & both parties took our money & gave it to their millionaire buddies on wallstreet...........

Every day I hear them say the public is pissed, angry blah, blah blah......... & yet not a damn thing is done............

Why aren't you ppl crying for changes in the laws that allowed this to happen??

They took that money from you & your grandchildren & gave it to rich ppl........ SO unless you are rich I would think you would have issues w/ robbery...........

[Revere]

Most of the TARP money was given back, with interest.

Can government say the same about the money it is taking from me and my grandchildren?

I think not.

[Revere]

Here, let me help. This is not current so some of the banks listed as having not paid back actually have.

Look at the rate of return on those loans.

http://www.nytimes.com/imagepages/2009/08/31/business/31taxpayer_graphic.ready.html

http://graphics8.nytimes.com/images/2009/08/31/business/31taxpayer_large.jpg

[Bill Cosby]

Financial Services
Buffett: Wells Was Forced to Repay TARP
By Lauren Tara LaCapra 01/20/10 - 03:37 PM EST


Updated with response from Wells Fargo spokesperson.
NEW YORK (TheStreet) -- Warren Buffett divulged another instance of heavy-handed government intervention into the banking industry, saying that regulators "forced" Wells Fargo (WFC Quote) to issue new stock to pay back bailout funds.

In an interview with CNBC on Wednesday, Buffett was asked how he felt about Wells having raised $12.25 billion through a stock offering last month to repay $25 billion from the Troubled Asset Relief Program.

"I didn't like it," said Buffett, whose Berkshire Hathaway (BRK.A Quote) is a major holder of Wells Fargo stock. "I mean, the government forced them to issue the shares." (http://www.thestreet.com/story/10664375/1/buffett-wells-was-forced-to-repay-tarp.html?cm_ven=GOOGLEN)

A Wells Fargo spokeswoman said the bank would not comment on Buffett's remarks. The Treasury Department didn't immediately respond to requests for comment.

They are doing a great job............lol

Maybe the guVment should just stay out of it & let them pay it back when they damn well please........ Damn guVment interfering............


How much did AIG get & how much have they paid back???

[Revere]

The government is covering up the details of the AIG bailout.

Freddie and Fannie, GSEs are still bleeding billions and there is no end in sight of their bailout, or any prospect of a payback.

Dittos for Government Motors.

http://www.dailymarkets.com/stocks/2009/12/21/aig-plans-tarp-repayment/

In a major revelation, the chief of American International Group Inc. (AIG: 23.79 -0.18 -0.75%) has disclosed its target of repaying the Troubled Asset Relief Program (TARP) loan back to the U.S. government within the next two years. For this, the company expects to raise funds through earnings from business operations and also by disposing of unnecessary businesses in the near term.

Taking the repayment bull by its horns, AIG’s chief executive officer (CEO) Robert Benmosche recently charted out his plan of repaying the $182 billion that it received as aid from the U.S. government’s Federal Reserve and the Treasury. While the CEO believes that if AIG gets more time for repayment, it will be in a better position to pay in full without sacrificing its major assets.

However, taking more time will also mean dishing out more interests on the loans taken. For instance, among others, AIG has to pay 3% plus 3-month Libor rate to the government in interest on one $25 billion 5-year loan.


Your derision is more appropriately targeted at government.

[Bill Cosby]

Well I have lots of it so I gotta spread that derision around.......lol

Does anyone you read think AIG is gonna be able to pay it back??

AIG Bonus Money Will Be Recovered, White House Promises (http://www.property-casualty.com/News/2010/2/Pages/White-House-Says-It-Will-Get-AIG-Bonus-Money-Back.aspx)

Bailed-out insurance giant AIG will lavish executives with $100 million in bonuses Wednesday in a move the White House pay czar called "outrageous."

The bonanza will be paid to execs in the company's financial products division - the same outfit whose risky derivatives deals brought the insurer to the brink of collapse in 2008.

Kenneth Feinberg, special master for TARP executive compensation, called the move "outrageous," but said it was legal.

The payments will go to employees who agreed recently to accept 10% to 20% less than AIG had promised them two years ago, marking an attempt by the company to meet Feinberg's demand to scale back the size of contractually obligated bonuses.

In exchange for reduced payments, the employees received their bonuses a month early.

Feinberg said the contracts that require the company to pay the bonuses expire in March. By then the company is scheduled to pay out tens of millions of dollars more, mostly to former employees who did not agree to the concessions.

This round of payouts comes nearly a year after bonuses worth $168 million went to the same set of employees, infuriating American taxpayers, who reached into their pockets to prop up the too-big-to-fail company.

Back then, President Obama vowed to "pursue every single legal avenue to block" the bonuses, but government and AIG officials agreed last year that they were legally binding, even after the company's multiple federal bailouts.

"These payments are tied to employment contracts from 2007 that fell outside tbe jurisdiction of \[Feinberg\] and the law," said Treasury Department spokesman Andrew Williams. "We are encouraged that AIG employees are making good on the repayment pledges they made last spring."

But the administration's critics were not appeased.

"The Obama administration has been outmaneuvered," Sen. Charles Grassley (R-Iowa) said of the new payments, "and the closed-door negotiations just add to the skepticism that the taxpayers will ever get the upper hand."

The insurance giant still has not repaid all of the $180 billion the government gave to rescue it from financial disaster.

Feinberg told ABC's "Good Morning America" on Wednesday that he is using whatever leverage he has to get that money returned to the taxpayers.

Feinberg noted that AIG executives have pledged to repay $39 million out of $45 million in previous bonuses to the U.S. Treasury.

Andrew Goodstadt, a New York lawyer who represents more than a dozen current and former AIG Financial Products employees, told the

Washington Post he hoped the deal would be a step toward normalcy.

"My clients are looking forward to getting paid their contractual entitlements," he said, "and resolving this matter once and for all."


WITH NEWS WIRE SERVICES

Read more: http://www.nydailynews.com/money/2010/02/03/2010-02-03_as_aig_preps_to_pay_100m_bonuses_pay_czar_denie s_republican_claims_that_aig_outs.html#ixzz0eWq3Rw XY
http://www.nydailynews.com/money/2010/02/03/2010-02-03_as_aig_preps_to_pay_100m_bonuses_pay_czar_denie s_republican_claims_that_aig_outs.html