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

Mike - great suggestions. We need creative solutions like this. I especially like the bank deposit idea - This gives the banks to incentive to work for the money.

Hey mike f--- Class is still in session...all of your rambling is still the government telling private citizens and businesses how to run their lives. I wouldn't want to go to your class since it advocates the government still meddling in the private sector by telling them what to make, how to make it, and how to pay their employees. the big three made terrible business decisions, and for that, they must pay the price. look at missippi, alabama---they have foreign car companies building cars at half the price. your class on big government sucks.

Stop the Government from wasting our money by you stopping your Tax contributions...

Apparently, you people don't realize that the US Government has already MADE MONEY with TARP. They have been making a lot of sweet deals with the banks, while at the same time saving them (and us) from financial disaster. The goverment's equity stakes in the banks and the interest payments they are receiving are making TARP very profitable. It is only boneheads who think the TARP is a bad thing.

Well, Mike, it is certainly nice of you to want to give the money to ordinary citizens. Nobody else wants to do that. But to tell you the truth, $6000 almost pays my property taxes for one year. If I think that these fine companies ought to go broke for their stupidity (and I do), it is just as well that I take care of my own, if I can. After all, most Americans spent by credit and loans more than they could afford. How is that different from that fool who ran CitiBank? I don't think we should get anything. Oh, I know, we were taken advantage of. We always are.

Where's Hitler when you need him? We need another BIG FREAKIN' WAR to right this ship. Yeah, that's it. A return of Rosie the Riveter will fix it all. Let's not forget that most of the foreclosures are occuring to households that couldn't afford the place to begin with. 2005-2006 was an aberation, period. It should have never happened. But now that it has people expect those times to return. Memo to Earth: Ain't going to happen.

The bail out money was intended to go to special interests from the start, paulson and the rest knew very well what would happen that is why they dident want any strings attached. I cant believe for the life of me how anyone could even think about granting that amount of money with out any oversight or regulations. I have said all along it is the Bush administrations last act, robbing the US Treasury and leaving the Tax payers to pay the debt. Hell, they are all criminals and will need the money to hide or pay for legal counsel.

HEY correctinfo......... your screen name should be incorrectinfo

What's AIG going to do when they need mo money?

horatio caine: BY YOUR POINT LETS MOVE IT ALL TO CHINA. THEY PRODUCE CRAP FOR PENNIES WHAT IT WOULD TAKE USA WORKERS. :: CHINA usa THANK FREE TRADE AND FRIEDMAN FOR SELLING USA FOOLS ON RACE TO THE BOTTOM AS MERCANTILISTS AND MONE CHANGERS GET FILTHY RICH

Holding people to their contractual and financial obligations. What a concept. As long as we bail out loser we will all be loser as there is no advantage to be otherwise.

Mike, nice utopian plan. Good luck with that!! Horatio, Ever find those strawberries? What a silly handle, where did you ever come up with.........never mind, I probably don't want to know.

AIG Corporate Memo: This year's Christmas Party is cancelled. Boo Hoo.

Do you see a difference between TARP & WMD?

Business is business. Everyone does things for a purpose. What do you think our government's purpose is? And it's not to protect us either.

It is easy to oppose the support to banks, but you have no idea how tough things will get when, if, the banks have to reduce assets to meet capital requirements, without help from TARP. I am a director of a small ( $200 million assets ) bank, and I know how much we are able to extend current loans, and make new ones, and all that goes away as we will have to reduce assets by $60 million if the TARP is repealed. We had 0 loan losses on real estate in 2007, so it is not about wild lending on our part; rather, it is about borrowers who are hurting and can't pay, and TARP gives us time wo tork with them.

you people have absolutely no idea. Although flawed, if it wasnt for that overnight drafting of tarp, there would be a run on the banks right now and the dow would be at depressionary levels. Panic would have brought down wall street as well as main. hindsight is 20/20 so be careful to criticize. By the way, i hate friggin bush. but the tarp saved alot of 401Ks from being obliterated.

Actually I like Mike F's ideas.....except I'd put the threshold at something like 30+ mpg. Detroit should have developed natural gas and electric vehicles a decade ago. Now they just reverse-engineer Japanese technology and then assemble it with cheapest bid parts. I don't have too much faith in their recovery I'm afraid because their stuff still falls apart prematurely. I gladly pay the premium for a Japanese car because it's not going to siphon the blood from my veins after 50k miles and don't have to deal with Joe's garage so often.

'blue dog' dems that have stated they stand for RESPONSIBILITY are a JOKE too!

Dream on, young communists.