Tuesday, October 5, 2010

Treasury cuts bailout price tag to $50 billion As bailout program expires, Treasury drops price tag to $50 billion and highlights successes

http://finance.yahoo.com/news/Treasury-cuts-bailout-price-apf-1292009893.html?x=0&sec=topStories&pos=5&asset=&ccode=

The things Timmy forgets to tell us
And that Main Stream Media doesn't think we're smart enough to understand
The Banks took the taxpayer for a ride again.
And with the added burden of "your buddies" debt to "Our" National Charge Account your burying "Our " Nation is a situation that cannot be recovered from.
It created No Jobs!


Independent government watchdogs have criticized Treasury for trumpeting billions in "profits" or "revenues" -- without mentioning that losses would eclipse those gains. Treasury still makes frequent references to taxpayer profits. The watchdogs also criticized Treasury for treating the banks with too much deference.

Geithner acknowledged some missteps during a town hall meeting with TARP staffers last month.

No really "WE" can imagine Timmy, since "we're picking" up the bill.
I find this ("delivered in ways few could have imagined.")
a truely bizzarre choice of phrase for you to use. It suggests "the hidden"

"TARP was not perfect," he said. But the program
"delivered in ways few could have imagined."

Hundreds of banks still hold billions of bailout dollars. Many need the money to survive.
The GAO said 78 bailed-out banks have problems that could sink them.
OH look...Job creation
TARP has really put America back to work.
Thanks to you and your banker buddies
And you say you want more?

Meanwhile, the bailout's special inspector general is adding staff to handle the growing number cases involving alleged bailout fraud by banks.