Socks knocked off article - The 700$ billion bailout money

[packman]

Article - really a listing of banks, lending institutions and such - how much they were given and how much they STILL owe. Really interesting in its scope (never realized it impacted so many) .

"We're tracking where taxpayer money has gone in the ongoing bailout of the financial system. Our database accounts for both the broader $700 billion bill and the separate bailout of Fannie Mae and Freddie Mac.

For each entity, we provide a “Net Outstanding” amount, which shows how deep taxpayers are in the hole after accounting for any revenue the government has received (usually through interest or dividends).

Companies that failed to repay the government and resulted in a loss are shaded red. You can see a list of those investments here. All other investments either returned a profit to the government or might still be repaid. Recipients of aid through TARP’s housing programs (such as mortgage servicers and state housing orgs) received subsidies that were never intended to be repaid, so we don’t mark those as losses.. "

Now let me count on my fingers and toes how many went to jail over this. Well, maybe just my fingers. Well, maybe just one hand. Well, dammit, did anyone go to jail?

https://projects.propublica.org/bailout/list/simple

[1StrongBlackMan]

1. The bail-out has netted 68 billion and rising ...

seems like a good deal to me ... especially, considering what the alternative result would have been; but for, the bail out.

[tonyt53]

2. Thank you for stating a known fact.

[packman]

6. You ever wonder , "Where did that 68bill netted come from?"

Trace it down to increased consumer interests , added -on fees for checking and banking routine items, and taking it out of the pockets of the middle/lower economic class.

That 68 bill just did not just appear magically - someone had to pay for it and it sure wasn't out of the pockets and bonuses given to wall street manipulators.

[Nye Bevan]

3. So taxpayers made a $1.4 billion profit from Goldman Sachs?

Am I reading the table correctly?

[packman]

7. Profit from Goldman Sachs? - how?

Look at my above post - taxpayers didn't make anything, that money just was regurgitated from the taxpayers thru the hands of Goldman Sachs.

[Faux pas]

4. We could have given

a billion dollars to everyone in the country and had change left over!

[1StrongBlackMan]

5. Last I checked, there were many, many more than 700 people in the country.

[Faux pas]

8. According to bing

United States · Population



318.86 million (2014)

[1StrongBlackMan]

10. Okay ... Now do the math.

[Nitram]

14. Would you believe $2194 a person?

That's why they call it dope...

[TwilightZone]

9. Why would anyone go to jail? Your assertion makes no sense whatsoever.

The bailout was intended to keep most of these banks solvent, and the data you provided shows that it was largely successful. The side effect is that it's $68 billion in the black.

It was never going to be 100% successful - in the real world, not every business survives, even if they get help.

So, who do you think should go to jail and why?

[packman]

11. Someone - and I'll keep saying it

And the 68 bill "payback" had to come from somewhere and that somewhere is ultimately your pocket and mine. Don't fool yourself by naively thinking, "Hey, the gov made 68 bill, that's great" . If so, let's do it again, and again, and again.

[TwilightZone]

12. "Someone"

And you wonder why no one is taking you seriously.

[packman]

13. You certainly aren't

But then again, that's you and your opinion. Do you want me to name each executive, CEO, and others . Hold on - let me get that list, I left it here somewhere. Get your head out of wherever you stuck it, wise up and don't be one of the "no one's".

My cat takes me seriously and I value his opinion above yours.

[1StrongBlackMan]

15. LOL ...

My cat takes me seriously and I value his opinion above yours.

But, then, (assuming your cat is house-bound) your cat is dependent upon you to eat, everyday. Remove that element, and you might find a different relationship between you and your cat!

[jtuck004]

17. Because the thieving bank$ter/jihadists (who have hurt more Americans than any terrorist)

stole from the people - according to a person who put S&L execs in prison for the very same thing. Dr. Bill Black.

You could read the book "The Big Short". It details how the bank$ter/jihadists stole from us, with the very capable assistance of every administration, starting with Bill Clinton and Larry Summers.

...
lack: If Schneiderman had been named Attorney General of the United States, we would know that the administration really intended to hold accountable the frauds that drove the crisis. Instead, the top two Justice Department officials that are supposed to be prosecuting the elite frauds have consistently failed to even investigate the frauds, have denied the existence of material fraud, and came from the same law firm that represented many of the big, fraudulent banks and was critical to the creation of the notorious Mortgage Electronic Registration System (MERS) that contributed to the foreclosure fraud.

AG Schneiderman was appointed to the working group because he has broad credibility as a real prosecutor. His refusal to support the earlier drafts of the robo-signing deal (which was so bad that I described it as the formal surrender of the U.S. to crony capitalism) led the State AGs to kick him out of the settlement discussions.

Schneiderman is only one of the co-chairs of the new working group. The others are federal prosecutors or officials who were the strongest proponents of the cynical deal that would have de facto immunized the elite criminals from civil and even criminal sanctions. The working group is set up so that Schneiderman can give the group credibility while being marginalized. He can be outvoted in any matter in which he proposes vigorous prosecutions.

http://billmoyers.com/2012/02/06/bill-black-on-financial-fraud-investigations/
...

You see, in the past 8 years, the Democrats, after having gotten large donations from the bank$ter/jihadists, whose actions threw 8 million FAMILIES to the curb, and moved tens of millions into or nearer poverty, abrogated their responsibility to the taxpayers, made the bank$ter/jihadists whole and told the working people who had trusted them that they don't matter.

So the lying, thieving, friends of the Democrats got rich - here's what the people got -

Before the financial crisis there were only 26.3 million people on food stamps.




Here is a discussion with Timothy "Killer" Geithner, where he tries to spin what happened, where an entire audience of voters laugh in his lying face, and n Stewart points out how the administration went to hell and back to help their bank$ter/jihadists but not the taxpayers.
http://www.cc.com/shows/the-daily-show-with-jon-stewart/interviews/z9b8f1/timothy-geithner-extended-interview


That's why they should go to fucking jail. But instead people who take money from them fail to act, cover things up, and make excuses. We will see in November what that might mean, when people are told not to vote for the real estate swindler because he will disrespect and treat them badly.

What's left of them, anyway.

[annabanana]

16. "Bank of George"?!? (Vegas)

Anyone here named George?

https://projects.propublica.org/bailout/list/simple

[mrmpa]

18. I read through this quickly..........

I was intrigued by Fidelis Federal Credit Union in VA, that received a mere $14,000 & it has been returned. Credit Unions are great.

[George II]

19. That chart is an oversimplification, and to some degree inaccurate.

Most obviously,

"Our database accounts for both the broader $700 billion bill....", yet the chart shows total disbursements of $620B. With that, I won't get any deeper into that.

Seems like subjective liberties have been taken by Pro Publica.