President Obama will not accept repayment of tarp money.

#2
#2
What is this administrations reasoning for not accepting repayment of the money? It seems to me that Obama should welcome the repayment to the American taxpayer. This is what scares the hell out of me about Obama, this looks like a total power grab, what's next?

I would love to hear the thoughts of Obama supporters on this matter.
 
#3
#3
what's funny, is that he bashes these banks for wasting taxpayers money, but he doesn't accept repayment of the tax payers money. you dems that voted for this moron, i've got to be really proud of his power grab.
 
#4
#4
what's funny, is that he bashes these banks for wasting taxpayers money, but he doesn't accept repayment of the tax payers money. you dems that voted for this moron, i've got to be really proud of his power grab.

I would have to agree. It's extremely damning of Obama to proclaim it's the debt to the taxpayers that gives the govt the "right" to exert influence into the private sector but then refuse having the taxpayers get their money back. You don't even have to look past any facade or double-speak on that one.
 
#5
#5
What is this administrations reasoning for not accepting repayment of the money? It seems to me that Obama should welcome the repayment to the American taxpayer. This is what scares the hell out of me about Obama, this looks like a total power grab, what's next?

I would love to hear the thoughts of Obama supporters on this matter.


I'd advise not holding your breath.
 
#7
#7
For now, I'm calling BS on this. This really is an example of a pathetically shameful article. With about 10 seconds of research, I found the original story (blog really, not even a story) by Napolitano on foxnews from 2008:

Our Government Engaged In EXTORTION With Our Banks! FOX Forum FOXNews.com

I would consider two things first. One, the link in the OP starts out by saying that money is being paid back, and the government is accepting. Second, the genesis of all this is from the said link above, written in Sept. 2008 about the Bush administration threatening an audit of the banks, then the WSJ (another Murdoch holding) picks it up, and runs with it with a negative Obama spin. Just another example of Obama being the scapegoat for the failures of the previous administration.

Furthermore, it is utterly ridiculous to write an article in the WSJ and refuse to cite names and details (you know, the important things) because of "retaliation". You can bet your bottom dollar if they actually did have names and details it would be front page material, and not an obscure article with no substantiation anywhere else that I can find on the net.

You guys seem to enjoy finding any kind of slander you can about Obama and using it as an excuse to get riled up. Whatever...carry on.
 
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#8
#8
I do have concerns that the BO administration does want to exercise too much control in the private sector but like RJD, I'd like to see confirmation that the administration is discouraging return of TARP money before I believe this story.
 
#9
#9
I do have concerns that the BO administration does want to exercise too much control in the private sector but like RJD, I'd like to see confirmation that the administration is discouraging return of TARP money before I believe this story.

I didn't read the article all the way through, so it appears Obama is not refusing repayment? I just couldn't figure out what the reasoning for nat taking the repayment could be. Let's hope this is untrue.
 
#10
#10
I do have concerns that the BO administration does want to exercise too much control in the private sector but like RJD, I'd like to see confirmation that the administration is discouraging return of TARP money before I believe this story.

Exactly. I feel the same way, and have similar concerns about the administration. But allegations of this sort requre at least the minimal confirmation in order to be taken seriously.
 
#11
#11
I didn't read the article all the way through, so it appears Obama is not refusing repayment? I just couldn't figure out what the reasoning for nat taking the repayment could be. Let's hope this is untrue.

From the second sentence of the article:

Some $340 million in TARP cash flowed back this week from four small banks in Louisiana, New York, Indiana and California.

The article is written in a very deceitful manner. It is written like everything is fact, but none of it is backed with any evidence or credibility. I don't really care, if the people want to take and run as an excuse to get riled up about Obama, more power to them.

I do agree, let's hope it is untrue.
 
#12
#12
For now, I'm calling BS on this. This really is an example of a pathetically shameful article. With about 10 seconds of research, I found the original story (blog really, not even a story) by Napolitano on foxnews from 2008:

Our Government Engaged In EXTORTION With Our Banks! FOX Forum FOXNews.com

I would consider two things first. One, the link in the OP starts out by saying that money is being paid back, and the government is accepting. Second, the genesis of all this is from the said link above, written in Sept. 2008 about the Bush administration threatening an audit of the banks, then the WSJ (another Murdoch holding) picks it up, and runs with it with a negative Obama spin. Just another example of Obama being the scapegoat for the failures of the previous administration.

Furthermore, it is utterly ridiculous to write an article in the WSJ and refuse to cite names and details (you know, the important things) because of "retaliation". You can bet your bottom dollar if they actually did have names and details it would be front page material, and not an obscure article with no substantiation anywhere else that I can find on the net.

You guys seem to enjoy finding any kind of slander you can about Obama and using it as an excuse to get riled up. Whatever...carry on.

i would say he doesn't want the ceo or executives to get into any more trouble. your boy geitner said that more ceo's need to be fired, so i don't blame him for not naming names. since this bank is one of the bigger banks, it would make sense for hussein to control them.

it just sounds to me like you're gonna defend 'the muslim' on anything he does.
 
#13
#13
I didn't read the article all the way through, so it appears Obama is not refusing repayment? I just couldn't figure out what the reasoning for nat taking the repayment could be. Let's hope this is untrue.

Supposedly, he is refusing payment from a larger bank but a couple of smaller banks have paid back some of the tarp money. Like rjd is criticizing, there is nothing to back up the author's assertion that Obama is refusing the larger bank from paying back the money. However, I don't criticize the author (in an editorial) using unnamed sources. Will be interesting to see if it turns out to be true.
 
#14
#14
Barack Obama Maintains Control Over Banks By Refusing to Accept Repayment of TARP Money - WSJ.com

socialism at it's finest. 'the muslim' will have America on it's knees in 4 years. so pathetic.

Are you serious?

Is this honestly what comes to mind when you think of President Obama?

I can't even begin to fathom the level of ignorance it takes for someone's mind to go there...

Talk about pure, unadulterated, unabashed, 'good ol' boy' bigotry at it's finest...

You're living, breathing proof that the right to vote should come with a minimum IQ requirement
 
#15
#15
Are you serious?

Is this honestly what comes to mind when you think of President Obama?

I can't even begin to fathom the level of ignorance it takes for someone's mind to go there...

Talk about pure, unadulterated, unabashed, 'good ol' boy' bigotry at it's finest...

You're living, breathing proof that the right to vote should come with a minimum IQ requirement

oh you're calling me a bigot because i think he's destroying America? :eek:lol:

pull you head out and stop drinking the coolaid sheep boy. you have no clue do man.
 
#16
#16
don't you realize he knows the Constitution?

:question:

He didn't study it to uphold it, he studied it to learn how to tear it apart!!!!

"These decisions -- that government, not the free market, shall dictate who runs a private corporation, what that corporation shall make or sell, and what it shall pay its employees -- are unprecedented in an America not fully mobilized for war.

Apologists for the Obama administration -- and there are many -- note that previous administrations have done similar things in 'difficult economic times.' As examples, they cite Franklin Delano Roosevelt's Depression-era agricultural production limits to boost farm prices and Richard Nixon's "temporary" wage and price freeze to cut inflation.

What today's cheerleaders for Draconian interference in capitalism and our private lives fail to mention is that these measures were abandoned because they did not work.

FDR's farm production limits produced a thriving black market and eventually succumbed to the need to feed millions of our countrymen suddenly drafted to fight World War II.

President Nixon's attempt to dampen inflation with wage and price controls was a monumental failure. When he started the program, the inflation rate was nearly 4 percent.

By the time he left office, it was more than 13 percent and climbing. But those ugly precedents aren't going to stop the O-Team from trying again." --Ollie North
-------------------------------------

"The government, which is decreasingly capable of running itself, will now dictate to corporate America how to run companies.

The Obama administration has even promised that government will insure any warranties that might be in jeopardy should GM and Chrysler declare bankruptcy.

It is a dangerous precedent that should frighten all of us into opposing the administration's plans with every fiber of our still free beings. President Obama says the American auto industry will not be allowed to 'simply vanish.' No, but the direction in which it is heading will require what's left of the companies to manufacture cars even fewer people want to buy, thus requiring the effective nationalization of the automobile industry.

If people aren't buying cars from GM and Chrysler in sufficient numbers to make a profit today, why would they buy them when they are even less attractive?" --columnist Cal Thomas
-----------------------------------------

"Instead of the quick, decisive, confidential and limited action some of us hoped for last September, a couple of presidents and Treasury secretaries -- plus a chairman of the Federal Reserve -- have been all over it.

Every week they seem to propose a different remedy and new takeover. Congress has intervened, too, Heaven help us. For this is the same 535-member board of directors that gave us success stories like Fannie Mae and Freddie Mac.

Another huge, maybe permanent public-private corporation is now on the drawing board to handle/extend the crisis that those bloated monsters created.

Oh, joy! Ah, Congress. ... Five hundred and thirty-five cooks do have a tendency to spoil the broth. Especially if every member of Congress thinks he knows the answer to the Crisis, which, naturally, grows ever more complicated thanks to all their ministrations.

The government just goes on acquiring a huge stake in private companies. One week it's AIG, the next General Motors. What's next?

The most ambitious agenda of social and financial engineering since the (not so) Great Society is being proposed in the name of speeding the economy's recovery.

Health, energy, education, you name it and this administration is going to re-do it completely. Well, sure.

In the immortal words of Rahm Emanuel, the White House chief of staff: 'You never want a serious crisis to go to waste.'"
--Arkansas Democrat-Gazette editor Paul Greenberg


Are you serious?

Is this honestly what comes to mind when you think of President Obama?

I can't even begin to fathom the level of ignorance it takes for someone's mind to go there...

Talk about pure, unadulterated, unabashed, 'good ol' boy' bigotry at it's finest...

You're living, breathing proof that the right to vote should come with a minimum IQ requirement

The funny thing is that those most apt to use the word "bigot", evidently don't understand the meaning of the word and usually turn out to be rather bigoted themselves.

When speaking of 'levels of ignorance' and minimum IQs, one had better look in the mirror first.

First off, if there were a minimum IQ to decide who could vote, we wouldn't even be having the conversation because Barry wouldn't be president.
 
#17
#17
oh you're calling me a bigot because i think he's destroying America? :eek:lol:

pull you head out and stop drinking the coolaid sheep boy. you have no clue do man.

No...I'm calling you a bigot because you refer to him as a Muslim even though he's not and you post nothing but inflammatory right winged propaganda as some kind of validation of your point of view...

It's funny and pathetic at the same time....but I have always heard that ignorance is bliss...so keep livin' the dream man
 
#18
#18
:question:

The funny thing is that those most apt to use the word "bigot", evidently don't understand the meaning of the word and usually turn out to be rather bigoted themselves.

When speaking of 'levels of ignorance' and minimum IQs, one had better look in the mirror first.

First off, if there were a minimum IQ to decide who could vote, we wouldn't even be having the conversation because Barry wouldn't be president.

Well... I couldn't quote you the exact definition but basically the term refers to a person who is unreasonably partial to their own point of view and in turn is extremely intolerant of any other view...

I think the OP's constant attacks on Obama along with referring to him as Hussein the Muslim qualify him without question
 
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#19
#19
Well... I couldn't quote you the exact definition but basically the term refers to a person who is unreasonably partial to their own point of view and in turn is extremely intolerant of any other view...

Then you mean like Barrack Hussein obama??


I think the OP's constant attacks on Obama along with referring to him as Hussein the Muslim qualify him without question

There is a multitude of evidence linking Obama to islam (and marxism), including most of all his own words, both spoken and written as well as his actions before and after being elected to public office.

To deny all that is a rather 'head firmly in sand' kind of approach, wouldn't you say??

You wouldn't try to deny that millions of muslims consider Obama to be a muslim would you??
 
#20
#20
Then you mean like Barrack Hussein obama??




There is a multitude of evidence linking Obama to islam (and marxism), including most of all his own words, both spoken and written as well as his actions before and after being elected to public office.

To deny all that is a rather 'head firmly in sand' kind of approach, wouldn't you say??

You wouldn't try to deny that millions of muslims consider Obama to be a muslim would you??

I won't deny that people will believe what they want to believe regardless of overwhelming evidence to the contrary...

Are you implying that my point of view is bigoted because I won't consider that a man who claims Christianity is really a Muslim because a small faction of Muslims believe that he is in secret?

As far as the 'head in the sand' approach you speak of...I promise you I'm not closed to the point of view of others...

But when that point of view is laced with 'the muslim' and refers to Obama by a name that he has never gone by because that name unfortunately is shared with a man that will forever live in infamy...then I'm going to call that what it is...a bigoted attempt to inflame and incite
 
#21
#21
For now, I'm calling BS on this. This really is an example of a pathetically shameful article. With about 10 seconds of research, I found the original story (blog really, not even a story) by Napolitano on foxnews from 2008:

Our Government Engaged In EXTORTION With Our Banks! FOX Forum FOXNews.com

I would consider two things first. One, the link in the OP starts out by saying that money is being paid back, and the government is accepting. Second, the genesis of all this is from the said link above, written in Sept. 2008 about the Bush administration threatening an audit of the banks, then the WSJ (another Murdoch holding) picks it up, and runs with it with a negative Obama spin. Just another example of Obama being the scapegoat for the failures of the previous administration.

Furthermore, it is utterly ridiculous to write an article in the WSJ and refuse to cite names and details (you know, the important things) because of "retaliation". You can bet your bottom dollar if they actually did have names and details it would be front page material, and not an obscure article with no substantiation anywhere else that I can find on the net.

You guys seem to enjoy finding any kind of slander you can about Obama and using it as an excuse to get riled up. Whatever...carry on.
Nice post. :thumbsup:
 
#22
#22
Goldman Sachs “can legitimately make the argument that it’s getting in the way of doing business since they keep changing the rules,” Sorrentino at Huntington said. “Politically I don’t know how you stop them from giving the money back.”

http://www.bloomberg.com/apps/news?pid=20601087&sid=aIezubwp9xFE&refer=home

Viniar was on Squack Box a little while back and he indicated that they would be told when they were allowed to pay it back.

I just think that the "chain gang" analogy in the article is absurd.
 
#23
#23
From my understanding, they'd rather not take the money back until the stress tests are completed. Why take the bank's money if the institution isn't stable enough to stand on it's own, and would be asking for the same money they returned plus more on top of that?
 
#24
#24
I won't deny that people will believe what they want to believe regardless of overwhelming evidence to the contrary...

That's what I'm saying about obama and his long relationship with islamo-marxo-fascists.

Are you implying that my point of view is bigoted because I won't consider that a man who claims Christianity is really a Muslim because a small faction of Muslims believe that he is in secret?

Well no, but a couple of prime examples of bigots who often are apt to use the word 'bigot' to describe others are Sharpton and Jackson.

In a recent poll 11% of Americans believe Obama is muslim and the majority of the muslim world believes Obama is muslim, he was proclaimed to be a muslim by a head of state, Qadaffi or Libya. (among other religious and political notables.)


As far as the 'head in the sand' approach you speak of...I promise you I'm not closed to the point of view of others...

Are you familiar with either 'black liberation theology' or the islamic practice of 'taqqiya' (or deception)?

And don't forget obama himself wrote that one of his most proud moments was when his (half) brother converted to islam and that brother now advocates black liberation theology now in kenya.

0102kenya1_276600a.jpg


Liberation theology at work.



Majority of Americans lack understanding of Islam


Islam isn't just religion but is a political, legal and economic system, which makes it dovetail nicely with socialist systems either of corporate/fascist or marxist/communist rule.

You must realize the fact that obama's church of choice, a so-called christian church, was founded by a man who holds a degree in islamic studies and was a former member of the Nation of Islam, a patently anti-white racist hate group, if he had ever in reality refuted islam then a fatwafor his death would have been issued but has not.

One dead giveaway is that Wright, of "damn America" fame, accords Jesus the position of a 'prophet', a muslim claim but not the 'Son of God' position, which is a tenant of the Christian faith.

Suffice it to say, the so-called church which Obama joined for the self confessed reason or gaining respect in the neighborhood to further his marxist community organizing efforts, teaches a bastardized version of Christianity that is political and marxist but not really 'Christian.'


But when that point of view is laced with 'the muslim' and refers to Obama by a name that he has never gone by because that name unfortunately is shared with a man that will forever live in infamy...then I'm going to call that what it is...a bigoted attempt to inflame and incite

That is your opinion, otoh it could be an effort to inform those who are ignorant of the facts.
 
#25
#25
Goldman Sachs “can legitimately make the argument that it’s getting in the way of doing business since they keep changing the rules,” Sorrentino at Huntington said. “Politically I don’t know how you stop them from giving the money back.”

Goldman Sachs Said to Be in Talks to Repay TARP Funds (Update2) - Bloomberg.com

Viniar was on Squack Box a little while back and he indicated that they would be told when they were allowed to pay it back.

I just think that the "chain gang" analogy in the article is absurd.

Ruh-roh. This little honey right here says that regulators are insisting that financial institutions keep TARP money. Kind of flies in the face of the comments about the original article.

A company having to negotiate with regulators to give it back is absolutely stupid. I don't know who has spent any time in the finance arena, but defying the regulators is a terrible option and it seems people now have to in order to get the other idiots, congress and Obama, out of their business.
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