Barfable? - TARP 'Most Successful US Program Ever'

[lynnf]

something this guy doesn't mention, is that TARP was just a distraction, to allow much more money fly out the window unnoticed while the debate raged over TARP.

http://www.cnbc.com/id/40152707


The Troubled Asset Relief Program wasn’t really a bank bailout after all, but instead was the “most successful government financial program ever,” banking analyst Dick Bove said.

...

[james1906]

It kept a bunch of poorly run businesses afloat. I think this should be extended to restaurants with gross food, filthy nail salons, and furniture stores that don't resort to gimmicks.

[Travlyr]

From the article: "More than half the TARP banks have repaid the money and the Treasury Department has netted a $28 billion profit so far. The Federal Deposit Insurance Corp also has brought in $12 billion on its guarantee program while the Federal Reserve “may have made” an additional $20 billion, Bove said."

Interesting. Doesn't success mean that it works? I suspect that the $28 billion profit to the treasury is akin to GM paying back their debt. Nice accounting tricks.

If TARP was successful, then why $600 billion of QE2? More success?

[Matt Collins]

YouTube - RINO Alert: John Boehner Voted for the TARP Bailout (http://www.youtube.com/watch?v=W4ja9q386ek&feature=player_embedded)

[messana]

In related news: "Will The Rest of the World Please Shut Up About Our Monetary Policy? "

lol.

[Aratus]

something this guy doesn't mention, is that TARP was just a distraction, to allow much more money fly out the window unnoticed while the debate raged over TARP.

http://www.cnbc.com/id/40152707


The Troubled Asset Relief Program wasn’t really a bank bailout after all, but instead was the “most successful government financial program ever,” banking analyst Dick Bove said.

...

if one is liberal, its better than anything FDR or LBJ signs?
it trumps THE MARSHALL PLAN, SEATO, NATO and LEND-LEASE?
if one is conservative, it would be an anathema for being
an EXPENSIVE way to toss a drowning person only half a rope!

[JustinTime]

Successful at keeping crap busineses in business.