Comments on: TARP: ‘Almost Certainly’ A Money Loser

By: TARP Audit Finds Geithner Gave Away The Farm - CBS MoneyWatch.com

TARP Audit Finds Geithner Gave Away The Farm - CBS MoneyWatch.com — Tue, 17 Nov 2009 14:19:30 +0000

[...] seems to be one of the few officials that has to tell us what we already know: TARP is “almost certainly going to be a loss”for taxpayers and Geithner rolled over for Wall Street in the AIG [...]

By: number2son

number2son — Fri, 13 Nov 2009 14:27:57 +0000

What! Are we this far along in the comments without the obligatory Louis Renault wise crack?

Okay, it’s up to me, then ….

“I’m shocked, shocked to find the TARP will result in losses to the taxpayer!”

By: call me ahab

call me ahab — Fri, 13 Nov 2009 13:35:18 +0000

mr data- AKA VD-

so . . .what data am i debunking- this?

“Whether it all vanishes or not isn’t important as the money was used to save the American financial system”

so analyzing just this-

‘was used to save the American financial system”

the question that remains- for how long and at what cost?

and i say the cost is- the long term health of this country and its economy-

keep sucking on the Kool-Aid VD

By: danm

danm — Fri, 13 Nov 2009 13:08:11 +0000

and then you tell them you don’t believe in science

By: danm

danm — Fri, 13 Nov 2009 13:07:09 +0000

To be taken seriously, you need to support your statements with data of some sort or another.
————–
To win an argument today, I’ve noticed a couple of techniques:

1. You tell them they need a little more lovin’
2. You tell them they are just jealous
2. You tell them to provide mathematical proof… and then they tell you they don’t believe in science.

Any others?

By: danm

danm — Fri, 13 Nov 2009 12:41:42 +0000

Everytime I look at the Fed’s balance sheet, I keep on wondering what they’d do on the liability side if they suddenly had to mark-to-market those securities and take a 50% haircut on those securities.

Would they write off the paper currency? All the money in mattresses would be worth nada and that would punish those not playing according to the Fed’s rules.

By: VennData

VennData — Fri, 13 Nov 2009 12:31:21 +0000

Mr. Ahab,

To be taken seriously, you need to support your statements with data of some sort or another.

By: How the Common Man Sees It

How the Common Man Sees It — Fri, 13 Nov 2009 05:17:24 +0000

Where is Frankie to explain this to us. Didn’t he say we were going to make a profit on this?

By: How the Common Man Sees It

How the Common Man Sees It — Fri, 13 Nov 2009 05:16:35 +0000

you’d think their ‘green’-cred would take a hit after seeing all the Ink spilled in coverage of their recent utterings..

I think it has. It’s just that no one has told them yet.

By: easystreet

easystreet — Fri, 13 Nov 2009 04:52:49 +0000

Mr. Buffett exhorted students to “marry the right person” and said, “The worst investment you can have is cash.”

getting really tired of this guy and jealous