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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Benny B on February 28, 2011, 01:04:34 PM
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"The Bailouts Worked"
Feb 28 2011, 3:39 PM ET By Joshua Green
About a year ago, I wrote a profile of Treasury Secretary Timothy Geithner. One point I made in the piece--provocative then, less so now--is that the bailouts were working surprisingly well and looked as though they'd cost much less than anticipated. That realization is finally sinking in (although bailouts will probably remain toxic for politicians). The Los Angeles Times is the latest to make the case for TARP and its much-maligned brethren:
There is now broad agreement that the bailouts worked, stabilizing the financial system and preventing an even deeper crisis.
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Yeah - it worked for the thieves at GS, GE, the public unions, soros, PM, Geithner, Dimon, Blankfein, etc.
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Yeah - it worked for the thieves at GS, GE, the public unions, soros, PM, Geithner, Dimon, Blankfein, etc.
lol
No doubt.
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They only thing the bail outs did was increase the National debt..
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"The Bailouts Worked"
Feb 28 2011, 3:39 PM ET By Joshua Green
About a year ago, I wrote a profile of Treasury Secretary Timothy Geithner. One point I made in the piece--provocative then, less so now--is that the bailouts were working surprisingly well and looked as though they'd cost much less than anticipated. That realization is finally sinking in (although bailouts will probably remain toxic for politicians). The Los Angeles Times is the latest to make the case for TARP and its much-maligned brethren:
There is now broad agreement that the bailouts worked, stabilizing the financial system and preventing an even deeper crisis.
Not one single CEO who perpetuated the fraud that cause this financial colapse is serving time in prison. It is the average Joe who suffers prolonged unemployment and has lost his home who is paying for these top executive assholes' crimes.
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Yeah - it worked for the thieves at GS, GE, the public unions, soros, PM, Geithner, Dimon, Blankfein, etc.
lololol
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"The Bailouts Worked"
Feb 28 2011, 3:39 PM ET By Joshua Green
About a year ago, I wrote a profile of Treasury Secretary Timothy Geithner. One point I made in the piece--provocative then, less so now--is that the bailouts were working surprisingly well and looked as though they'd cost much less than anticipated. That realization is finally sinking in (although bailouts will probably remain toxic for politicians). The Los Angeles Times is the latest to make the case for TARP and its much-maligned brethren:
There is now broad agreement that the bailouts worked, stabilizing the financial system and preventing an even deeper crisis.
LMFAO you do realize benny that youre giving credit to bush right?
he was the one who passed tarp...not your saviour
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Not one single CEO who perpetuated the fraud that cause this financial colapse is serving time in prison. It is the average Joe who suffers prolonged unemployment and has lost his home who is paying for these top executive assholes' crimes.
That's because there would be plenty of politicians sitting in the cell right next to them.
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Geither, summers, rubin, paulson, barney frank, dodd, cox, bernake, greenspan, etc etc.