Left and Right Agree: It's Time to End the TARP

The TARP should never have started.

its about time!

The TARP was broken from the beginning. The phrase, "We're from the gov't and we're here to help", should have been our first clue this was not going to work. I say no more bailout money for ANYONE !!!!! And start prodding the banks to start paying US back, with interest.

WOW....how NOT shocking...In the immortal words of several street entertainers.....just throw money....throw money...

I agree, don't give them another dime plus ask for some of the money back that was used to pay bonuses.

Throw your shoes at TARP

RE-establishing CONfidence?......I'm sorry........it will take more than a couple months, a couple trillion, and a few encouraging words for this Ponzi system to regain MY confidence.....

There are two sides of the US Investment banks balance sheet : the left side and the right side. On the left side, there is nothing right. And , on the right side, there is nothing left

where's my portion????

Hey REEDERSONG I know you've been calling for $30 crude well your almost there. I hope you were cheering on the selloff today

Madoff's game is big but most people who lost their money are rich anyway. This, compared to the magic game played by the mighty wall street, is too small. For many years till 2008, the wall street make a huge "profit" from subprime mortgage and their employee collected billions of bonus. But their loss in 2008 is much more than they earned in the past decades. And they will still get huge bonus this year: Morgan Stanley: 260K; Goldman Sachs: 370k. And Merill Lynch's employee will get 50% of their bonus. The funny things are we taxpayers are bailing out them and paying for their bonus. Here is an interesting story: http://finance.yahoo.com/banking-budgeting/article/106328/On-Wall-Street,-Bonuses,-Not-Profits,-Were-Real

OK...here is the plan: Every one is to blame in this deal (auto workers, unions, the government, high gas prices, NAFTA, banks holding on to taxpayers $, consumers who spent/borrowed too much, President Bush -for taking us to an unjust war that is bankrupting us and enocouraging us to live outside of our means aftere 9/11, deregulation, greedy Wall Street insiders, corrupt government officials, big oil....thats NOT EVERYBODY..but its a good list to start) This is what we should have done on the 1st bail-out scheme....given a EVERY TAXPAYER a rebate of $6000 (total appx $700 Billion) given them $2000 up front to pay off bills, mortages, etc and $4000 put in the bank of their choice at ZERO interest. The taxpayer then would receive $2000 on December 1, 2009....and again on December 1, 2010. In the meantime the banks would have had $4000 per taxpayer to lend out to stimulate the economy. Plus, the taxpayer would know that his/her future would at least be a little brighter down the line and not be convinced that the $ that went to the banks has somehow disappered. As for the auto industry....lots of blame to go around. But we could at least improve the situation by.....1. set the price of EVERY car produced in the US and freeze it for ONE year. 2. Send a rebate check (non-transferable) to every US TAXPAYER good for 33% off of the purchase of an AMerican made vehicle that gets 22 mpg or higher and 25% off of a vehicle that gets less. 3. The US automakers turn in these rebates to the government in exchange for cash. In order to get this deal...we should force the BIG 3 to complete a laundry list of changes: CEO pay, union renogotiations, gas-mileage improvements, quality improvements, etc... Class dismissed.

Yawn! Let me know when/if this actually happens.

OK...here is the plan: Every one is to blame in this deal (auto workers, unions, the government, high gas prices, NAFTA, banks holding on to taxpayers $, consumers who spent/borrowed too much, President Bush -for taking us to an unjust war that is bankrupting us and enocouraging us to live outside of our means aftere 9/11, deregulation, greedy Wall Street insiders, corrupt government officials, big oil....thats NOT EVERYBODY..but its a good list to start) This is what we should have done on the 1st bail-out scheme....given a EVERY TAXPAYER a rebate of $6000 (total appx $700 Billion) given them $2000 up front to pay off bills, mortages, etc and $4000 put in the bank of their choice at ZERO interest. The taxpayer then would receive $2000 on December 1, 2009....and again on December 1, 2010. In the meantime the banks would have had $4000 per taxpayer to lend out to stimulate the economy. Plus, the taxpayer would know that his/her future would at least be a little brighter down the line and not be convinced that the $ that went to the banks has somehow disappered. As for the auto industry....lots of blame to go around. But we could at least improve the situation by.....1. set the price of EVERY car produced in the US and freeze it for ONE year. 2. Send a rebate check (non-transferable) to every US TAXPAYER good for 33% off of the purchase of an AMerican made vehicle that gets 22 mpg or higher and 25% off of a vehicle that gets less. 3. The US automakers turn in these rebates to the government in exchange for cash. In order to get this deal...we should force the BIG 3 to complete a laundry list of changes: CEO pay, union renogotiations, gas-mileage improvements, quality improvements, etc... Class dismissed.

If you rearrange the letter of TARP you get TRAP. Ooooo.........

I wish the government would stop trying to "protect" us. They are only helping their rich friends who got us into this mess with the stock bubble, the housing bubble, easy credit, etc. In a perfect world, it would all be allowed to sink. But that only applies to working people, not corrupt Washington thieves and their super rich buddies, lobbyists, etc. No bail outs, no free lunch of millionaires; let home prices sink to historic levels (in other words, what people can afford). And get the government out of the home ownership racket. I don't want my tax dollars (yes, they are mine) to subsidize home ownership.

If you rearrange the letters of TARP you get TRAP. Ooooo.........

I see a lot of criticising and complaining on here but not one of you knows what the fed and treasury secretary should do. They are trying very hard to maintain the american economy for you worthless complainers. If you all know soooo much you should have been able to ride oil up and short oil down and ride equitys up and short equities down. But instead you are all monday morning quarterbacking on here.

I think the USSA should give the Finance institutions TRILLIONS of $$ so that they can get their BONUSES this year!!

Wow. We learned that $350B no-strings-attached is not a good idea. Glad it cost only $350B instead of a significant amount.