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Originally Posted by Bucco
Just a note......KAYAKERNC is correct in that the initial payment to AIG was in TARP 1 paid during the previous adminstration, but NOT THE BULK OF IT. ALSO, recall it was paid at the behest of the current President !! Not defending Bush here at all !!
Number two....everyone remember that the big stimulus bill that is causing all this grief was RAMMED through congress...those who opposed villified ANDREAD BY NOBODY !!!!!!!!
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The TARP legislation passed last fall without ANY conditions limiting executive compensation, for the institutions receiving our money. This mess should be layed at the feet of Ben Bernanke, Timothy Geithner, and Hank Paulson. Not defending Bush or OBama!