Reached a deal? What the hell does that mean? We already know what kind of deal they got when the Gov gave them the money. Are they going to hide this so called deal, like they tried to do with all those bonuses us taxpayers paid out?

The little o doesn't know jack shit!!! With the government borrowing all the money, what the hell does he expect?

"what the hell does he expect?"

Do we have another one who now pretends to have been concerned about fiscal responsibility these past eight years??? More every day.

Reality and the reading impaired right:

Citigroup will redeem $20 billion of preferred stock that the government received as part of the bank's first two rescues late last year.

It will end a loss-sharing agreement with the government on about $250 billion of troubled real estate and credit card assets. That will make the bank, not taxpayers, solely liable for losses in that portfolio.

The Treasury Department, meanwhile, plans to wind down its 34 percent ownership stake in Citigroup, which it acquired by converting $25 billion of preferred shares into common stock in a third rescue this year. It expected to sell its nearly 7.7 billion shares through a series of large stock sales to institutional investors over the next six to 12 months.

The righties hate the Bush Tarp so much that they whine like hungry puppies when the funds are returned with interest under Obama.

File this under "Cant be made happy as long as a Dem is pres; cant be pissed off if a Repub is presnit."

amazing how everyone who got billions due to greed and mismanagement can pay back funds half a year later. all of them.
hmmmm. you'd think it was preplanned. returned money to spend as the one sees fit. more money earmarked for obama's slushfund T.A.R.P. aka The African-American Restitution Program. and Good ol Citi deluting 19% of stockholders value by issuing more stock to payback the funds.

File this under "Cant be made happy as long as a Dem is pres; cant be pissed off if a Repub is presnit."

Better know as Party Before Country.

And the Obama regime will turn around and spend it.

We need to get out of the banking business and auto business as gracefully and as soon as we can then concentrate on promoting commerce that creates good jobs that won't be outsourced and legislation that protects investors and customers without killing jobs in the U.S. It's time to force the banking system to be non-predatory towards the folks and obey laws that protects customers from the terrible power banks can bring to bear. It's time to put the behavior of Executives under legal scrutiny and stop allowing the theft of stockholder equity that they perpetrate when they mismanage and then allow their companies to go bankrupt as they draw multi-million dollar salary packages and retirement. If these are not first and foremost on the elected government's agenda then different officials need to be elected until it is. To do anything else will mean we as a free people will cease to exist.

And the Obama regime will turn around and spend it.

But it was nice the Republicans loaned it to them. I'm guessing you voted for the Lenderer-in-Chief. Twice.

#9 | Posted by Constuct at 2009-12-14 12:55 PM | Reply | Flag:COMMUNISM!!

why does constuct hate Ayn Rand and the free market system?

All the toxic assets they dumped on the Fed are not being counted. Creative accounting for one purpose, bonuses. Its SOP in America's Corporate Executive community. Just don't try it unless you a few politicians.

And the Obama regime will turn around and spend it.

Breaks your heart that Obama is a democrat, doesn't it KBM (better known as the retort's partisan hack).

--------------#9 | Posted by Constuct at 2009-12-14 12:55 PM | Reply | Flag:COMMUNISM!!

why does constuct hate Ayn Rand and the free market system?

#11 | Posted by northguy3 at 2009-12-14 01:07 PM | Reply | Flag: HAS THE WRONG IDEA!--------------

I've been called a lot of things in my day(a lot of em true too!) but I've never been referred to as anything left of Ronald Reagan. My whole point was was that our government should be not be in commercial business but rather protecting business and consumers from taking unfair advantages of each other and mudding the waters so theft can occur. If you allow the banks power to grow unchecked, the bankers will become the government and that is human nature not some left wing view.

Don't get high and mighty because the money was returned. It was supposed to be returned ... it was OUR MONEY to start with.

However, if we get back 10% of Obama's TARP it will be a WILD success by government's current standards.

Also, I don't want any of you populist "lefty" party-liners who defend the current President's policies by pointing to the previous administration to think that I was not equally yelling at the top of my lungs at Bush's failures. In my opinion, you both suck and need to give up power to a group that knows WTF they are doing for a few years to get this mess straightened out. Then you can go back to your games of seeing who can destroy this country the fastest.

"However, if we get back 10% of Obama's TARP "

TARP was passed under Bush.

Get your facts straight.

"TARP was passed under Bush."

Like I said, OBAMA's TARP ... a.k.a stimulus bill/GM bailout/etc. a.k.a. Extraneous money spent by the government for the purpose of wealth distribution.

I knew I should have dumbed it down for you Danni.

"Do we have another one who now pretends to have been concerned about fiscal responsibility these past eight years??? More every day."

Danni, you are a foolish one-note-song. Must it be pointed out to you daily that whatever Bush did, it is no excuse for B.O. to commit the crimes that he is now.

Just like all of his ridiculous mistakes, the return of TARP funds will be squandered on garbage by the lefty looneys who now hold the nations purse strings under his direction.

Shareholders diluted into oblivion on this one! Good thing I'm not one of them.

ari,

the left looneys have nothing to do with the deregulation and bailout of Wall Street, the greatest criminal enterprize in the history of mankind. This was largely the work of recently "reformed" Aynn Rand Libertarian Greenspan. Rubin, Summers and Geithner are three more of those responsible, although there is little evidence they have "reformed".

Right and left wingers are united in their hatred of the bailout, but the righties created the debaucle by insisting on free market deregulated commerce, making a few filthy rich until the whole thing blew up in their face and was promptly dumped on the backs of the working class.

Nutcase -

I was referring to the slush fund created by the return of said funds while addressing Danni's stupidity.

I agree with your assessment of the deregulation.

Don't be fooled. While they're paying back the TARP, they're borrowing from the treasury at little to no interest. Then it's back to bonuses as usual, all on us taxpayers.

I knew I should have dumbed it down for you Danni.

#17 | Posted by fragilekid at 2009-12-14 03:21 PM | Reply | Flag: Flag: (Choose)
FunnyNewsworthyOffensiveAbusiv
e

By all means, and while you're at it get it down there far enough for you to understand it...

What part of Bush's bailout didn't you get?

Nick

Seniority: 2493

Party: Libertarian

Ideology: Conservative

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Joined 2009/12/10
Visited 2009/12/14

Nevermind

Just read on CNN that Well Fargo is paying back another 25 billion. Thank you very much WF. Damn site better return they we will ever get from FW.

Sounds like Nick is either a repainted Republican poster or another Freeper suicide poster.

from the top..

"Reached a deal? What the hell does that mean?"

it means that they are to pay back 20 billion
in cash...and the government owns the other
25 billion in the form of stock in the company,
which they should make around an extra 5 billion
in interest...

but go ahead and rant and rave and not know what you are even complaining about....it's the American way...

fyi...there is one downside to this...citibank is offering up more shares (which I wish the government would block)...in a dilution sale, thereby devaluing the value of the (now) government owned stock's share price...just so they can make even more money...(typical for a bank)...

the Govy should have seen this coming...and either sold first, demanded to sell first, or just said, you can't do that until we have sold our shares at full best price...

btw...if you want to learn something about it, turn off the Faux News (ole fear and panic) and turn on something like NPR...

Do we have another one who now pretends to have been concerned about fiscal responsibility these past eight years??? More every day.

#3 | Posted by danni at 2009-12

everytime one of you knuckleheads makes this comment you look increasingly worse..

bush deficit was 450 billion and now barry has it up to well over one trillion AND COUNTING.......

what is it about this bankrupting spending going on and proposed is it that you people dont get?

many of us bitched about bush spending RIGHT HERE and even if we didnt, this argument is as stupid and out of date as what obama told oprah the other day....about what we inherited........
pitifull

The righties hate the Bush Tarp so much that they whine like hungry puppies when the funds are returned with interest under Obama.

File this under "Cant be made happy as long as a Dem is pres; cant be pissed off if a Repub is presnit."

#5 | Posted by oldwhiskeysour

here is where the left JUST HAPPENS TO iGnore one thing going on
the goddamn democrats have no intention of returning A FUCKIN PENNY of this shit called tarp

dont believe me...
SEE BARNEY FRANK

1. I don't believe you.
2. I would not care to "see" Barney Frank.
3. CAP LOCK OFF.

sorry about the caps...

also sorry if by watching and reading I hear things like this that you dont believe....keep that head in the sand.....
and then when you read about it, I will accept your apology...LOL

WASHINGTON House Democratic leaders are proposing almost $50 billion in spending on highways, housing, school repairs and other projects as part of a year-end plan to create jobs.

and where is it coming from?tarp money

Instead, a Pentagon budget bill advancing Wednesday will carry two-month extensions of many of the programs covered by the so-called jobs bill, including help for the unemployed and funding for highway programs.

Under complex scorekeeping rules, about $75 billion of the measure is financed by savings generated by canceling about $150 billion in unused Wall St. bailout authority.

But as a practical matter, all of the money is simply added to the nation's $12.1 trillion debt since the unused bailout funds would otherwise go unspent.