Comments on: CIT Bankruptcy Shows that It is Time to End TARP http://blog.heritage.org/2009/11/03/cit-bankruptcy-shows-that-it-is-time-to-end-tarp/ Fri, 10 Feb 2012 22:29:33 +0000 hourly 1 http://wordpress.org/?v=3.3 By: TARP: Will This Crony Capitalist Slush Fund Ever Die? | Conservative Principles Now http://blog.heritage.org/2009/11/03/cit-bankruptcy-shows-that-it-is-time-to-end-tarp/#comment-74113 TARP: Will This Crony Capitalist Slush Fund Ever Die? | Conservative Principles Now Thu, 10 Dec 2009 06:49:17 +0000 http://www.foundry.org/?p=18918#comment-74113 [...] with little or no accountability, to whatever industry or firm the Treasury Department chooses to support. The continued existence of TARP does nothing but enable the completely undemocratic and [...] [...] with little or no accountability, to whatever industry or firm the Treasury Department chooses to support. The continued existence of TARP does nothing but enable the completely undemocratic and [...]

]]> By: TARP: It Couldn’t End Thune Enough | Conservative Principles Now http://blog.heritage.org/2009/11/03/cit-bankruptcy-shows-that-it-is-time-to-end-tarp/#comment-69406 TARP: It Couldn’t End Thune Enough | Conservative Principles Now Wed, 18 Nov 2009 23:58:35 +0000 http://www.foundry.org/?p=18918#comment-69406 [...] The Administration has argued that more time would be useful, giving them the flexibility to extend taxpayer support to troubled financial institutions (and auto manufacturers) if necessary. That’s not good enough. The economic crisis that led to the adoption of TARP is over. Rather than a necessary tool to avoid an systemic collapse of the financial system, TARP has become at best just another source of stimulus spending, and at worst a slush fund providing ready cash, with little or no accountability, to whatever industry or firm the Treasury Department chooses to support. [...] [...] The Administration has argued that more time would be useful, giving them the flexibility to extend taxpayer support to troubled financial institutions (and auto manufacturers) if necessary. That’s not good enough. The economic crisis that led to the adoption of TARP is over. Rather than a necessary tool to avoid an systemic collapse of the financial system, TARP has become at best just another source of stimulus spending, and at worst a slush fund providing ready cash, with little or no accountability, to whatever industry or firm the Treasury Department chooses to support. [...]

]]> By: Nicolai Alatzas, New http://blog.heritage.org/2009/11/03/cit-bankruptcy-shows-that-it-is-time-to-end-tarp/#comment-65779 Nicolai Alatzas, New Tue, 03 Nov 2009 23:38:12 +0000 http://www.foundry.org/?p=18918#comment-65779 Student Loans for citizens can't be eliminated through any type of Bankruptcy. Can someone please explain how a company can take 2.3 billion and file out of responsibility. How is this legal? How much were the Board Members paid to do this to America? And why are you people not pissed? I hope someone has an answer. Thanks~ Student Loans for citizens can't be eliminated through any type of Bankruptcy.

Can someone please explain how a company can take 2.3 billion and file out of responsibility.

How is this legal? How much were the Board Members paid to do this to America?

And why are you people not pissed?

I hope someone has an answer.

Thanks~

]]> By: Garge Kibby, Iowa http://blog.heritage.org/2009/11/03/cit-bankruptcy-shows-that-it-is-time-to-end-tarp/#comment-65595 Garge Kibby, Iowa Tue, 03 Nov 2009 10:48:57 +0000 http://www.foundry.org/?p=18918#comment-65595 A big part of keeping this bill under budget, is paying for it years before anything happens. If this is such a great idea, why don't we use the same idea and make the two other government controlled companies use the same technique. So from now on, when you want to buy a GM or Chrysler automobile or truck, you have to make payments on them for 3 years before you actually get the vehicle. And you won't really know what you will be driving until it shows up at your local Obama approved dealer. A big part of keeping this bill under budget, is paying for it years before anything happens. If this is such a great idea, why don't we use the same idea and make the two other government controlled companies use the same technique. So from now on, when you want to buy a GM or Chrysler automobile or truck, you have to make payments on them for 3 years before you actually get the vehicle. And you won't really know what you will be driving until it shows up at your local Obama approved dealer.

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