Politicians running scared from any connection to success of bank b...

Full story: TwinCities.com

The Obama administration this week will mark the second anniversary of the collapse of Lehman Brothers and the ensuing Wall Street meltdown with an ironic bit of bipartisanship: letters of thanks to some of the congressional Republicans who helped fashion the government's response in fall 2008.
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1 - 14 of 14 Comments Last updated Sep 15, 2010
throw a tarp over it

Saint Paul, MN

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#1
Sep 14, 2010
 

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They haven't even spent all of the money appropriated by the TARP program! Hard to say it was "necessary" when all the banks supposedly paid it back, not all of it was spent, and they are looking to "reinvest" those payments made by the banks, rather than using it to pay down the deficit. The financial landscape is a muddied mess not to be understood by the "peons," -just as it was designed.
LBJ

San Jose, CA

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#2
Sep 14, 2010
 

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Oh yeah, TARP was a rousing success. If you call rewarding and enabling bad behavior success. Believe me, the responsible parties will get the credit due them in November(har har). We can have an award ceremony then bus them all to Jaurez.
hmmm

Saint Paul, MN

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#3
Sep 14, 2010
 

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LBJ wrote:
Oh yeah, TARP was a rousing success. If you call rewarding and enabling bad behavior success. Believe me, the responsible parties will get the credit due them in November(har har). We can have an award ceremony then bus them all to Jaurez.
Does that mean you are voting independent?? The "responsible parties" seem to be from both sides of the political aisle. Oh but we'll show "them" by voting for the "other guy," right?? Pretty easy for both parties to pursue the same agendas under the guise of choice. Even the "independent" candidates these days are anything but.
Magic

Maple Plain, MN

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#4
Sep 14, 2010
 

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It's clearly obvious BHO's administration loves to use an excuse to gather a bunch of money in a slush fund and then waste the money on their buddies.

Every time they can they do the money grab thing.

Rediculas!
Ell

Saint Paul, MN

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#5
Sep 14, 2010
 

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So far these comments are doing a poignant job of making the author's case that many people are more interested in hanging onto unreasoning hostility than in understanding what actually took place.

Since: Sep 08

Saint Paul, MN

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#6
Sep 14, 2010
 

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"Even Nevada GOP Senate nominee Sharron Angle at one point referred to TARP as "the stimulus." And few Americans seem to know that the banks at the center of TARP have paid the money back — with interest."

Seems ironic how they take our money to bail out the banks and when they get it payed back--with interest, you dont hear a peep about anybody paying back the taxpayers. All the money just goes into the giant, sucking black hole known as the federal government.
Not Having It

Saint Paul, MN

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#7
Sep 14, 2010
 

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This is a prime example of the hypocrisy that exists in the Republican-Tea Party. Republicans deregulated the banks so that banks could play in the stock market and come up with mortgaged-back securities, derivitives, and all sorts of imaginary money makers. Then when the banks blow-up and take down our economy with it, they get all self-righteous about bailouts. Well gee wiz, if you morons wouldn't have taken away all the regulations on banks in the first place, we wouldn't be in this mess now would we. But hey, keep puffing up your chest and blowing your top cause you don't seem to know how to do anything else, except cry for a bailout when your bank goes belly up. Bunch of wannabe hypocrits!!
gompers

Saint Paul, MN

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#8
Sep 14, 2010
 

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Goldman Sachs, Hank Paulson, G bush, Cheney, Warren Harding, Bill Clinton, All had a hand in the mortgage stuff, Glass Steagal, etc, The blue collar folks may be a little lazy at times, but they will never hurt you like these white collar criminals have and will continue to do so in the future. Vote for Dayton.
Forbes

Park Forest, IL

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#9
Sep 14, 2010
 

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Not Having It wrote:
This is a prime example of the hypocrisy that exists in the Republican-Tea Party. Republicans deregulated the banks so that banks could play in the stock market and come up with mortgaged-back securities, derivitives, and all sorts of imaginary money makers. Then when the banks blow-up and take down our economy with it, they get all self-righteous about bailouts. Well gee wiz, if you morons wouldn't have taken away all the regulations on banks in the first place, we wouldn't be in this mess now would we. But hey, keep puffing up your chest and blowing your top cause you don't seem to know how to do anything else, except cry for a bailout when your bank goes belly up. Bunch of wannabe hypocrits!!
Yes, it is hypocritical. They should have let the free market run. The bad banks would fail and we would be left with very strong banks.
Observer

Minneapolis, MN

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#10
Sep 15, 2010
 
Then MAYBE they shouldn't have supported this nonsense in the first place. These people are scum.

http://www.examiner.com/economic-policy-in-mi...
let them fail

Elk River, MN

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#11
Sep 15, 2010
 

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We should have lets the big banks fail. Those who say it would have destroyed our economy are lying. Look at our economy now, is it flourishing? Bad move by both political parties.
let them fail

Elk River, MN

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#12
Sep 15, 2010
 

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Not Having It wrote:
This is a prime example of the hypocrisy that exists in the Republican-Tea Party. Republicans deregulated the banks so that banks could play in the stock market and come up with mortgaged-back securities, derivitives, and all sorts of imaginary money makers. Then when the banks blow-up and take down our economy with it, they get all self-righteous about bailouts. Well gee wiz, if you morons wouldn't have taken away all the regulations on banks in the first place, we wouldn't be in this mess now would we. But hey, keep puffing up your chest and blowing your top cause you don't seem to know how to do anything else, except cry for a bailout when your bank goes belly up. Bunch of wannabe hypocrits!!
De-regulation had nothing to do with it. It amazes me that people still believe this lie.
Bud in St Paul

Saint Paul, MN

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#13
Sep 15, 2010
 

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How short people’s memories are; many big banks where going under at the end of the Bush Presidency and our country was on the brink of anther great depression.

If TARP had not been enacted this country would be in even worst shape then it is now.

The mere thought of giving those rich fat cats money their failed business policies on wall street drives me crazy to this day, but TARP had to passed to avoid what could have been a worldwide depression.
LibsRKooks

Saint Paul, MN

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#14
Sep 15, 2010
 

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Typical Liberal and fake Republican, run away and point fingers. If you pass a bill at least stand behind it, good or bad. This whole "it wasn't me it was the other guy" mentality is getting old!!!

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