Comments on: Often Wrong Yet Again http://jsears.xidus.net/blog/?p=1047 Just another WordPress site Fri, 11 Nov 2011 10:05:27 +0000 hourly 1 http://wordpress.org/?v=3.3 By: John Sears http://jsears.xidus.net/blog/?p=1047#comment-992 John Sears Thu, 21 Oct 2010 23:28:19 +0000 http://jsears.xidus.net/blog/?p=1047#comment-992 <a href="#comment-991" rel="nofollow">@Ice </a> An excellent point, although I don't think the Obama administration ever looked to seriously pull those strings anyway. TARP was like the hand a magician wants you to see moving: flashy and inconsequential. @Ice
An excellent point, although I don’t think the Obama administration ever looked to seriously pull those strings anyway.

TARP was like the hand a magician wants you to see moving: flashy and inconsequential.

]]> By: Ice http://jsears.xidus.net/blog/?p=1047#comment-991 Ice Thu, 21 Oct 2010 23:14:29 +0000 http://jsears.xidus.net/blog/?p=1047#comment-991 You're omitting the major reason it was "TARP" that was repaid (instead of all the subsidies) - TARP actually had some strings attached (in particular, ones limiting executive compensation). So the banks were happy to get hundreds of billions in shadow bailout, then turn it around to "repay" their TARP obligations to show they deserved huge salaries once more. You’re omitting the major reason it was “TARP” that was repaid (instead of all the subsidies) – TARP actually had some strings attached (in particular, ones limiting executive compensation). So the banks were happy to get hundreds of billions in shadow bailout, then turn it around to “repay” their TARP obligations to show they deserved huge salaries once more.

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