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OrwellwasRight

(5,310 posts)

35. I believe in government intervention to help citizens.

Reply to mathematic (Reply #20)

Sat Dec 20, 2014, 07:40 PM

Dec 2014

Not to help corporate profits. The Great Recession was the biggest wealth transfer from working and middle classes to the 1% in US history. Where was the alleged help for "Main Street"? What about the families foreclosed upon? Those evicted from apts after job loss? The millions more who became eligible for Medicaid and food stamps because they were newly poor? What about the fact that real wages are actually down over the last six years for the bottom 90% of wage earners?

Nope. Fuck Wall Street and its "save us or we'll destroy the economy" mentality. They destroyed the economy anyway.

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Highlight:

U.S. ends TARP with $15.3 billion profit [View all] n2doc Dec 2014 OP

Not bad Andy823 Dec 2014 #1

Really? Igel Dec 2014 #31

Terrible! Horrible! Criminal! SoapBox Dec 2014 #2

Turning a profit is not evidence that it was a good idea FBaggins Dec 2014 #8

Wasn't the program optional? George II Dec 2014 #14

Not really FBaggins Dec 2014 #15

Yeah, but didn't they publicly give it back and wave it off? MADem Dec 2014 #26

They were actually forbidden to pay it back FBaggins Dec 2014 #32

What competitors? joshcryer Dec 2014 #19

It depends on how you define "affected" FBaggins Dec 2014 #33

If a bank dealt with Fannie Mae and Freddie Mac they were affected. joshcryer Dec 2014 #36

+1 OrwellwasRight Dec 2014 #34

And the best part is that them dumb shits don't know that Sopkoviak Dec 2014 #9

And the millions of people who lost their livelihoods and homes? brentspeak Dec 2014 #3

well said n/t Psephos Dec 2014 #6

Why did TARP show a paper profit? Because the real, $16 trillion bailout.... PoliticAverse Dec 2014 #4

Beat me to it. nt MannyGoldstein Dec 2014 #5

everyone should read your Sanders link Psephos Dec 2014 #7

^^^this^^^ progressoid Dec 2014 #12

That's a totally separate issue and the two shouldn't be conflated. stevenleser Dec 2014 #13

+1 ... shouldn't, but they will. Was it ever thus? nt MADem Dec 2014 #27

BS earthside Dec 2014 #10

Most of the banks given TARP money weren't in trouble in the first place NobodyHere Dec 2014 #11

good they finally got rid of all those shares without a loss! Sunlei Dec 2014 #16

Give me $100Billion at near 0%/yr...... bvar22 Dec 2014 #17

What the whiners and naysayers are not considering Nye Bevan Dec 2014 #18

It saved the banks, not so sure about everyone else JonLP24 Dec 2014 #24

That's unverifiable. candelista Dec 2014 #28

Thank God it passed! mathematic Dec 2014 #20

I believe in government intervention to help citizens. OrwellwasRight Dec 2014 #35

Here is kind of a crazy idea how about using that doc03 Dec 2014 #21

I wonder how much profit the CEOs ended with JonLP24 Dec 2014 #22

Guess TARP turned out well after all, maybe some of the whining can turn to joy. Thinkingabout Dec 2014 #23

When free market businesses get too "efficient" IronLionZion Dec 2014 #25

But, how much did the people lose?? kentuck Dec 2014 #29

But how much did the banks make? Kelvin Mace Dec 2014 #30