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MaggieD

(7,393 posts)

15. As I read this, I have a question...

Mon Oct 6, 2014, 01:58 PM

Oct 2014

Turns out I did know what you were referring too, kinda. I mistakenly thought you were referring to trillions that was not paid back.

I am aware of the discount window and quick turnaround or overnight loans. And I am a little perturbed that banks borrowed this money at such low interest rates, only for the purpose of reinvesting it at a higher rate (like treasury bonds) instead of increasing lending as was the intention.

But just to be clear, you're not putting the words "lending" in quotes because you don't really believe they are loans, right? It's not like we gave away $16 trillion.

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Highlight:

Don't blame Bush! [View all] MaggieD Oct 2014 OP

He spent it on Obamaphones Capt. Obvious Oct 2014 #1

We haven't even begun digging out of the Bush disaster... JaneyVee Oct 2014 #2

^THIS!!!!^ hifiguy Oct 2014 #5

don't let Nixon slide n/t 1dogleft Oct 2014 #10

I'll stop blaming bush* when the smell is gone rock Oct 2014 #3

Uh, a lot of those trillions went to the Biggest Banks and Financial Firms in the world truedelphi Oct 2014 #4

TARP was repaid MaggieD Oct 2014 #6

TARP was the distraction, MaggieD. The damage was done by Bernanke "lending" truedelphi Oct 2014 #9

I'd like to know more about this... MaggieD Oct 2014 #11

Here are some background links: truedelphi Oct 2014 #12

Thanks -- I will read up on it MaggieD Oct 2014 #13

As I read this, I have a question... MaggieD Oct 2014 #15

Under the Autumn 2008 cover of Larry Summers and Paulson screaming about how the sky was falling, truedelphi Oct 2014 #18

The sky was falling MaggieD Oct 2014 #19

Don't blame me. I Voted Carter. Thirties Child Oct 2014 #7

EXCELLENT post! Thank you... YvonneCa Oct 2014 #8

+1 uponit7771 Oct 2014 #14

I will be blaming bush for years to come. logosoco Oct 2014 #16

The Thousands of Disabled Vets vankuria Oct 2014 #17