Reply #4: the Glenn Beck of MSNBC "want to help"! LOL!

[szatmar666]

I was waiting throughout the video when is he starting to paint the walls with poop. You can trust a defense contractor who cheered on during Bush's 8 years and wars to put out the honest truth 100% of the time ... and I have a bridge to sell you too ;)

Right now taxpayer DID NOT PROVIDE anyone $23TRILLION "free money"!!! That's a lie and Ratigan knows it.

"These estimates of potential exposures do not provide a useful framework for evaluating the potential cost of these programs,” Williams said. “This estimate includes programs at their hypothetical maximum size, and it was never likely that the programs would be maxed out at the same time."
............
"The Treasury has spent $441 billion of TARP funds so far and has allocated $202.1 billion more for other spending, according to Barofsky. In the nine months since Congress authorized TARP, Treasury has created 12 programs involving funds that may reach almost $3 trillion, he said. "

Fact is TRAP is a program that banks can take advantage of for now and if they do to the full extent of their obligations the fees and penalties are such that they would not only face heftier and heftier fees but they would lose their independence and their board would be fired.

The TRAP inspector general was talking about $23 trillion IF all the banks took advantage of TARP at the fullest extent they can. That is not going to happen. In fact the penalties for TRAP in terms of independence is so steep most of them are already out of the program.


http://www.bloomberg.com/apps/news?pid=20601087&sid=aY0tX8UysIaM