I think its a trick: Repubs voted no..Treasury to help..maybe..and the no oversight on the other 7

xiamiam

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Fri Dec-12-08 11:12 AM
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I think its a trick: Repubs voted no..Treasury to help..maybe..and the no oversight on the other 7

hundred billion and 7 trillion in loans will be swept under the rug...

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marketcrazy1

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Fri Dec-12-08 11:20 AM
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1. its not a trick

its a distraction, they have already committed or spent 8 TRILLION on the banking mess, now they make a big show of being outraged over 15 billion???? just another dog and pony show for the public!! with the bailout we lose 1.5 million auto industry jobs over the next 12 to 18 months, without the bailout we lose 3 million of these jobs over the next 8 to 12 months, not a huge difference in the big picture..

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JDPriestly

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Fri Dec-12-08 11:53 AM
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2. The problem with the TARP money is that, according to statements

ISSA made in certain congressional hearings, about half the money is supposed to go to foreign interests. It's really a bail-out to satisfy our creditors I believe. It was not intended to help Americans. That's the problem. We ran up so much foreign debt trying to live high on the hog while fighting a couple of wars and lowering the taxes on the rich that our creditors got nervous. So, that money doesn't really belong to us.

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