http://wonkroom.thinkprogress.org/2008/12/22/banks-tarp/ Thu, 26 Nov 2009 16:42:01 -0500 http://wordpress.org/?v=2.8.5 hourly 1 http://wonkroom.thinkprogress.org/2008/12/22/banks-tarp/comment-page-1/#comment-3360 barktwiceifyourinmilwaukee Sun, 28 Dec 2008 06:07:39 +0000 http://wonkroom.thinkprogress.org/2008/12/22/banks-tarp/#comment-3360 Why should the goverment reroute money from those who have managed their finances and who are not in a finacial crisis (aka foreclosure), to people who obviously do not know the slightest about bills and basic money management. The money should go to those entities who were forced to deal out these sub-prime mortgages by those clueless idiots Frank and Dodd and their supporters. Also, those auto workers will stop flying on private jets when the politicians they are flying to talk to stop using them also (aka NEVER). Why should the goverment reroute money from those who have managed their finances and who are not in a finacial crisis (aka foreclosure), to people who obviously do not know the slightest about bills and basic money management. The money should go to those entities who were forced to deal out these sub-prime mortgages by those clueless idiots Frank and Dodd and their supporters. Also, those auto workers will stop flying on private jets when the politicians they are flying to talk to stop using them also (aka NEVER).

]]> http://wonkroom.thinkprogress.org/2008/12/22/banks-tarp/comment-page-1/#comment-3352 lzcrmc Wed, 24 Dec 2008 20:21:18 +0000 http://wonkroom.thinkprogress.org/2008/12/22/banks-tarp/#comment-3352 This is great. The $14 billion loans to the automakers "all but depleted" the $350 billion. Its the UAW's fault! and while we're at it, can someone get all those autoworkers to stop flying around on their private jets? This is great. The $14 billion loans to the automakers “all but depleted” the $350 billion. Its the UAW’s fault! and while we’re at it, can someone get all those autoworkers to stop flying around on their private jets?

]]> http://wonkroom.thinkprogress.org/2008/12/22/banks-tarp/comment-page-1/#comment-3330 jps Mon, 22 Dec 2008 17:49:53 +0000 http://wonkroom.thinkprogress.org/2008/12/22/banks-tarp/#comment-3330 They kited lent it to each other so they could put as much as possible on deposit with the Fed under new <a href="http://www.federalreserve.gov/generalinfo/foia/index.cfm?doc_id=R-1334&doc_ver=1" rel="nofollow">Regulation D interest rate</a> which is why the Fed is buying bonds. Troubled or un-troubled, when the economy starts deflating, the Fed is supposed achieve price stability, which in this case means buying bonds with all their new money which used to be the commercial paper market. They kited lent it to each other so they could put as much as possible on deposit with the Fed under new Regulation D interest rate which is why the Fed is buying bonds. Troubled or un-troubled, when the economy starts deflating, the Fed is supposed achieve price stability, which in this case means buying bonds with all their new money which used to be the commercial paper market.

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