@cicerone imposter,
Quote:The bailout of the banks was the right thing to do; they just did it wrong - with no strings attached. That was not only dumb, but wasted taxpayer money.
They could have taken advantage of making more money from wall street, the banks, and financial institutions if they had implemented the right rules and regulations for the "loans."
That was another Obama disappointment.
ci: I don't know why you keep saying this.
1) The TARP Program was issued by Bush and there
were strings attached, lots of them. Over 700 banks benefited and all were warranted for repayment in cash or, like in the case of Citibank, stock. (The Federal Government sold the 1.6 billion shares of Citibank for 60 billion dollars, three times their value.)
2) As of June 2010, all the loans had been repaid with interest or stock sold at a profit. The taxpayers made money on the deal. (To say nothing of the pleasure of not having the entire banking business of the USA collapse.)
Keep being disappointed if you want to but pick something which was actually a disappointment.
Joe(love you, but hey, com'on.)Nation