Talk of The Villages Florida - View Single Post - The Law Of Unintended Consequences (Chapter ?)
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Old 02-09-2009, 05:01 PM
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Is that what you believe President Bush had in mind when he nationalized the banking system and our largest insurance company with TARP? Or when he invested almost $20 billion in GM and Chrysler, about 6-7 times their market value at the time? Those were actions taken by the last administration, not the new one, and at a time when the administration and the Congress were controlled by different political parties. The authority for the executive branch to do that came as the result of their strong request that the Congress give the Treasury Department that kind of authority and funding.
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To speak directly to this comment, I agree...this is a quote from a post I made on FEB 7 when the same issue was brought up in the thread "The Stimulus Package".....and the same type comment was made...

".....I DO blame him for not handling the first TARP payment appropriately for sure..he and Paulson."