The figure quoted in the economist puts the actual cost of the TARP between 10 billion and 15 billion. The trillions of dollars rise in the deficit was well underway before the current administration took office.
From: Carl Lindner <[email protected]> To: 'ProFox Email List' <[email protected]> Sent: Wednesday, August 31, 2011 7:30:53 PM Subject: RE: [OT] Some scary events in Republican party a lot of money was paid back - I wonder where it went -----Original Message----- From: [email protected] [mailto:[email protected]] On Behalf Of Nicholas Geti Sent: Wednesday, August 31, 2011 6:26 PM To: ProFox Email List Subject: Re: [OT] Some scary events in Republican party If the TARP made money, why is the deficit projected to be in the hole by $14 trillion over the next ten years. Something is not adding up. ----- Original Message ----- From: "graham dobson" <[email protected]> To: "ProFox Email List" <[email protected]> Sent: Wednesday, August 31, 2011 1:27 PM Subject: Re: [OT] Some scary events in Republican party others to follow. How's this for starters: the biggest event is the bailouts giving to bankers and wall streeters. Trillions of dollars wasted with no The bail outs are likely to cost a fraction of the initial figures. The government has actually made money selling GM and AIG shares. Also TARP the original bail out plan was drawn up by Hank Paulson, Bush's Treasury secretary, not Obama. There are Nobel prize winning economists who feel the best way forward for America is to spend more money on infrastrucure and raise taxes on the most wealthy (money that needs to be put to work rather than saved as it is now) both of which are Obama ideas that will probably never happen because of Republican resistance. [excessive quoting removed by server] _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[email protected] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
