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Old 11-04-2009, 11:34 PM  
TheDoc
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Join Date: Jul 2001
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Originally Posted by TheDoc View Post
The mass stimulus plans, were started under Bush. Dumb ass..


Quote:
Originally Posted by TheDoc View Post
This has already been posted an proven wrong here on GFY, actually several times.. with the time lines, dates they were signed, and everything... huge ass chart. Every single bill, and even how the tarp money was used, dates, banks, everything... very detailed..
Quote:
Originally Posted by The Demon View Post
Ah gotta love the left. Makes shit up without an iota of evidence.


Quote:
Originally Posted by The Demon View Post
Sorry, stimulus programs were Obama's thing. Sorry, Obama has already managed to fuck up more in less than a year than Bush did at least in his 1st term. Give him another year and he'll catch up with Bush.
Quote:
Originally Posted by The Demon View Post
Ah yes blame it on Bush. I bet it was Bush's fault for the mass stimulus plans as well as a ridiculous increase of the money supply? Gotta love the liberals. It's not Obama's fault if he fails it's Bush's. However, if Obama succeeds, it's because he's awesome!

Obama... errr, Bush... errr Bailouts and Stimulus Plans



$30 billion
Bear Stearns 2008 JP Morgan Chase and the federal government bailed out Bear Stearns when the financial giant neared collapse. JP Morgan purchased Bear Stearns for $236 million; the Federal Reserve provided a $30 billion credit line to ensure the sale could move forward.

$400 billion
Fannie Mae / Freddie Mac 2008 On Sep. 7, 2008, Fannie and Freddie were essentially nationalized: placed under the conservatorship of the Federal Housing Finance Agency. Under the terms of the rescue, the Treasury has invested billions to cover the companies' losses. Initially, Treasury Secretary Hank Paulson put a ceiling of $100 billion for investments in each company. In February, Tim Geithner raised it to $200 billion. The money was authorized by the Housing and Economic Recovery Act of 2008.

$180 billion
American International Group (A.I.G.) 2008 On four separate occasions, the government has offered aid to AIG to keep it from collapsing, rising from an initial $85 billion credit line from the Federal Reserve to a combined $180 billion effort between the Treasury ($70 billion) and Fed ($110 billion). ($40 billion of the Treasury’s commitment is also included in the TARP total.)

$25 billion
Auto Industry 2008 In late September 2008, Congress approved a more than $630 billion spending bill, which included a measure for $25 billion in loans to the auto industry. These low-interest loans are intended to aid the industry in its push to build more fuel-efficient, environmentally-friendly vehicles. The Detroit 3 -- General Motors, Ford and Chrysler -- will be the primary beneficiaries.

$700 billion
Troubled Asset Relief Program 2008 In October 2008, Congress passed the Emergency Economic Stabilization Act, which authorized the Treasury Department to spend $700 billion to combat the financial crisis. Treasury has been doling out the money via an alphabet soup of different programs. Here’s our running tally of companies getting TARP funds.

$280 billion
Citigroup 2008 Citigroup received a $25 billion investment through the TARP in October and another $20 billion in November. (That $45 billion is also included in the TARP total.) Additional aid has come in the form of government guarantees to limit losses from a $301 billion pool of toxic assets. In addition to the Treasury's $5 billion commitment, the FDIC has committed $10 billion and the Federal Reserve up to about $220 billion.

Bank of America 2009 Bank of America has received $45 billion through the TARP, which includes $10 billion originally meant for Merrill Lynch. (That $45 billion is also included in the TARP total.) In addition, the government has made guarantees to limit losses from a $118 billion pool of troubled assets. In addition to the Treasury's $7.5 billion commitment, the FDIC has committed $2.5 billion and the Federal Reserve up to $87.2 billion.



Which ones are from Obama again?



Quote:
Originally Posted by The Demon View Post
Well it was fun embarrassing The Doc.
Back to bed little one....
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