(OT) The Great Obama [BP] Oil Spill of 20&10
 

On 7/12/2010 1:24 PM, Joe from Kokomo wrote:
On 7/12/2010 11:57 AM, Beam Me Up Scotty wrote:

.....And our $787Billion for TARP is where?

From Wikipedia:

The Troubled Asset Relief Program, commonly referred to as TARP or
RCP, is a program of the United States government to purchase assets
and equity from financial institutions to strengthen its financial
sector which was signed into law by U.S. President George W. Bush on
October 3, 2008.

So, before you wet your pants too much about TARP, I hope you realize
that it was a gift from George W. Bush to all his Big Business buddies.


Where's the cash?



In Obama's pocket?

(OT) The Great Obama [BP] Oil Spill of 20&10
 

On 7/12/2010 1:24 PM, Joe from Kokomo wrote:
On 7/12/2010 11:57 AM, Beam Me Up Scotty wrote:

.....And our $787Billion for TARP is where?

From Wikipedia:

The Troubled Asset Relief Program, commonly referred to as TARP
or RCP, is a program of the United States government to purchase
assets and equity from financial institutions to strengthen its
financial sector which was signed into law by U.S. President
George W. Bush on October 3, 2008.

So, before you wet your pants too much about TARP, I hope you
realize that it was a gift from George W. Bush to all his Big
Business buddies.

On 7/12/2010 1:41 PM, Beam Me Up Scotty wrote:

Where's the cash?

In Obama's pocket?

Hopefully in *YOUR* pocket (see the last paragraph)...and please, from
now on, try and do your own homework.

Definition: The Troubled Asset Recovery Program (TARP) was created
in October 2008 as part of the $700 billion Bank Bailout bill. TARP
originally gave banks the right to submit a bid price to sell their
toxic mortgage-backed securities to the Treasury Dept. as part of a
reverse auction. Banks would offer to sell each MBS package, and
TARP administrators would select the lowest price offered. However,
Treasury could wind up paying too much, and banks were afraid they
wouldn't get enough, so the plan was shelved.

Instead, Treasury used $105 billion of TARP funds to buy preferred
stock in eight banks: Bank of New York Mellon, Goldman Sachs, J.P.
Morgan, Morgan Stanley, Bank of America/Merrill Lynch, Citigroup,
Wells Fargo, and State Street. The Capital Repurchase Program
required banks to give the government a 5% dividend that would
increase to 9%, encouraging banks to buy the government out. The
government would make a profit, as bank share prices should be
higher later.

TARP funds were used to buy preferred stock in, or loans to:

* AIG ($40 billion). * Community banks ($92 billion). * Big 3 auto
companies ($24.8 billion). * Citigroup and Bank of America ($45
billion).

An additional $20 billion of TARP was loaned to the Federal Reserve
TALF program. Only half of the $700 billion TARP bill was approved
by Congress in 2008. The rest is unused. (Source: Treasury Dept.)

President Obama wants to tax banks to repay taxpayers for $120-$141
billion it is estimated they will lose from TARP. Obama plans to
levy the tax over 10 years on the banks' riskiest activities, such
as trading, and not on their retail operations, which would get
passed on as higher prices to customers.

(OT) The Great Obama [BP] Oil Spill of 20&10
 

On 7/12/2010 3:16 PM, Joe from Kokomo wrote:

On 7/12/2010 1:24 PM, Joe from Kokomo wrote:
On 7/12/2010 11:57 AM, Beam Me Up Scotty wrote:

.....And our $787Billion for TARP is where?

From Wikipedia:

The Troubled Asset Relief Program, commonly referred to as TARP
or RCP, is a program of the United States government to purchase
assets and equity from financial institutions to strengthen its
financial sector which was signed into law by U.S. President
George W. Bush on October 3, 2008.

So, before you wet your pants too much about TARP, I hope you
realize that it was a gift from George W. Bush to all his Big
Business buddies.

On 7/12/2010 1:41 PM, Beam Me Up Scotty wrote:

Where's the cash?

In Obama's pocket?

Hopefully in *YOUR* pocket (see the last paragraph)...and please, from
now on, try and do your own homework.

Definition: The Troubled Asset Recovery Program (TARP) was created
in October 2008 as part of the $700 billion Bank Bailout bill. TARP
originally gave banks the right to submit a bid price to sell their
toxic mortgage-backed securities to the Treasury Dept. as part of a
reverse auction. Banks would offer to sell each MBS package, and
TARP administrators would select the lowest price offered. However,
Treasury could wind up paying too much, and banks were afraid they
wouldn't get enough, so the plan was shelved.

Instead, Treasury used $105 billion of TARP funds to buy preferred
stock in eight banks: Bank of New York Mellon, Goldman Sachs, J.P.
Morgan, Morgan Stanley, Bank of America/Merrill Lynch, Citigroup,
Wells Fargo, and State Street. The Capital Repurchase Program
required banks to give the government a 5% dividend that would
increase to 9%, encouraging banks to buy the government out. The
government would make a profit, as bank share prices should be
higher later.

TARP funds were used to buy preferred stock in, or loans to:

* AIG ($40 billion). * Community banks ($92 billion). * Big 3 auto
companies ($24.8 billion). * Citigroup and Bank of America ($45
billion).

An additional $20 billion of TARP was loaned to the Federal Reserve
TALF program. Only half of the $700 billion TARP bill was approved
by Congress in 2008. The rest is unused. (Source: Treasury Dept.)

President Obama wants to tax banks to repay taxpayers for $120-$141
billion it is estimated they will lose from TARP. Obama plans to
levy the tax over 10 years on the banks' riskiest activities, such
as trading, and not on their retail operations, which would get
passed on as higher prices to customers.


Banks look at tax as a cost of doing business and add that cost into
their fees.... So "We The Taxpayers" will be paying more Fees/tax to
pay ourselves back.

I have owned and run businesses and made payroll, your consumer cost of
a product is directly affected by the cost of doing business, taxes are
a cost of doing business.

Again I ask, where is our cash?

(OT) The Great Obama [BP] Oil Spill of 20&10
 

Beam Me Up Scotty wrote:
On 7/12/2010 1:24 PM, Joe from Kokomo wrote:
On 7/12/2010 11:57 AM, Beam Me Up Scotty wrote:

.....And our $787Billion for TARP is where?

From Wikipedia:

The Troubled Asset Relief Program, commonly referred to as TARP or
RCP, is a program of the United States government to purchase assets
and equity from financial institutions to strengthen its financial
sector which was signed into law by U.S. President George W. Bush on
October 3, 2008.

So, before you wet your pants too much about TARP, I hope you realize
that it was a gift from George W. Bush to all his Big Business buddies.


Where's the cash?

Dubai

(OT) The Great Obama [BP] Oil Spill of 20&10 - DestroyingAmerica the GOP Way!
 

On Mon, 12 Jul 2010 07:37:06 -0400, Joe from Kokomo wrote:

On 7/12/2010 5:49 AM, RHF wrote:

Versus Prez Obama allowing BP to Strip Bare the Eco-System of the
Entire Gulf of Mexico for the $20B of pocket 'change' from BP . . .
-did- Prez Obama give you some-change ? ? ?

What ever are you talking about? The $20B is in *escrow*...for the
citizens and businesses that were damaged. Obama doesn't get a nickel of
it.

And what ever do you mean that Obama "allowed it"? Are you claiming he
WANTED the spill to happen? If you are saying that, what is his reason,
his motive? And even assuming your lunatic theory is true (and it
isn't), why ever would BP agree to go along with it? Why would they put
their entire corporation at risk of being taken over or going
bankrupt???

Prez Obama the Biggest Environmental Criminal of the 21st Century and
the Obama Regime so corrupt that they turn the whole Gulf of Mexico
into to an Environmental Waste Land . . . for a little BP
-chump-change-

Roy...in all honesty, all I can say is "Huh?"

What in heaven's name are you even talking about?

Like with any "crime", there has to be a -motive-. What is in it for
Obama or BP to purposely wreck the Gulf of Mexico? I am 110% sure that
Obama would have preferred this NOT to have happened on his watch. I am
also 110% sure that BP would rather be MAKING money selling you the oil
that is leaking rather than SPENDING money to clean it up.

Please get back on your meds. They can do wonders for your paranoia.

RHF = (R)acist (H)appy (F)ool ???

I feel since the republicans have a problem with corporations paying for
their mistakes, we should levy a tax on the republican population to pay
their portion that they feel would be fair!

I could only imagine more people then now would flee the Party of Stupid
GOP!

(OT) The Great Obama [BP] Oil Spill of 20&10 - DestroyingAmer...
 

Have another Beer []
cuhulin

(OT) The Great Obama [BP] Oil Spill of 20&10
 

On Jul 12, 5:54*pm, dave wrote:
Beam Me Up Scotty wrote:



On 7/12/2010 1:24 PM, Joe from Kokomo wrote:
On 7/12/2010 11:57 AM, Beam Me Up Scotty wrote:

.....And our $787Billion for TARP is where?

*From Wikipedia:

The Troubled Asset Relief Program, commonly referred to as TARP *or
RCP, is a program of the United States government to purchase assets
and equity from financial institutions to strengthen its financial
sector which was signed into law by U.S. President George W. Bush on
October 3, 2008.

So, before you wet your pants too much about TARP, I hope you realize
that it was a gift from George W. Bush to all his Big Business buddies..

Where's the cash?

Dubai- Hide quoted text -

- Show quoted text -

Ha! That was funny, more than likely there is some truth to it.

(OT) The Great Obama [BP] Oil Spill of 20&10
 

On Jul 12, 8:57*am, Beam Me Up Scotty Then-Destroy-
wrote:
On 7/12/2010 7:37 AM, Joe from Kokomo wrote:

On 7/12/2010 5:49 AM, RHF wrote:

Versus Prez Obama allowing BP to Strip Bare the Eco-System of the
Entire Gulf of Mexico for the $20B of pocket 'change' from BP . . .
-did- Prez Obama give you some-change ? ? ?

What ever are you talking about? The $20B is in *escrow*...for the
citizens and businesses that were damaged. Obama doesn't get a nickel of
it.

- .....And our $787Billion for TARP is where? Has it been paid back or
is
- Obama and company trying to use it for thing it's not been legally
set
- to be used for.
-
- Obama is looking for Slush funds to get
- Democrats(Socialists) elected in the fall.

and $20B of BP's PayOila Money is going
to be used to do just that . . .

WHY hasn't the US Congress taken action
to put Controls and Reporting on the BP $20B ?

remember watergate - follow the money . . . ~ RHF

(OT) The Great Obama [BP] Oil Spill of 20&10
 

On 7/12/2010 4:19 PM, Beam Me Up Scotty wrote:

Again I ask, where is our cash?

Where is our cash?

Easy answer...

....it's in the pockets of the greedy Wall Street *******s. Guaranteed!

And I will leave it up to you to figure out if the Wall Street crooks
are Democrats or Republicans. ;-)

(OT) The Great Obama [BP] Oil Spill of 20&10
 

On Jul 13, 5:53*am, Joe from Kokomo wrote:
- - On 7/12/2010 4:19 PM, Beam Me Up Scotty wrote:
- - Again I ask, where is our cash?

- Where is our cash?
-
- Easy answer...
-
- ...it's in the pockets of the greedy Wall Street *******s.
Guaranteed!
-
- And I will leave it up to you to figure out if the
- Wall Street crooks are Democrats or Republicans.
-* ;-)

Just a bunch of Green Weenies
http://www.bbspot.com/Images/News_Fe...een_weenie.jpg