Thank you GWB!

[sburnsey931]

I know they are patting themselves on the back for the profit on the Tarp Program. First didn't the Gov't have to borrow the money to lend it. What about the cost to borrow the money? Guess who they borrowed it from.... the banks.... Look that one up. ..it will really frost ya.. Banks were giving 0% money to prop themselves up and Bought T-bills and reaped the interest ....What about the cost to run the Tarp Program. I'll bet the Gov't found lots of way to spend Admin money.
But like Mosholu said...Fannie and Freddie still haven't been addressed. Look it up...It's not part of Tarp or The new Financial Regulation Bill.... Something like 158 million has been dumped into them and not accounted for....Yet .... another 60-200 million by 2013.... this money is coming from The FED at a 10% premium.
Oh yeah we mustn't forget GM either... that was a Gem... the pensions were left fully funded, the bond holders were good and the shareholders were left out in the cold.....I believe they all should have been left to fail......Banks, Autos the whole lot...... another firm would have taken up the business.