Comments for The NYT Could Not Find Any Critics of the TARP at http://www.cepr.net , comment 1 to 14 out of 14 comments http://www.cepr.net Sat, 18 May 2013 19:15:17 +0100 FeedCreator 1.7.3 http://www.cepr.net/index.php/blogs/beat-the-press/the-nyt-could-not-find-any-critics-of-the-tarp#comment-3345 ????? ugg ?????? ugg?????????????? - UGG Sat, 02 Oct 2010 17:10:49 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/the-nyt-could-not-find-any-critics-of-the-tarp#comment-3338 As far as Bernanke is concerned the tax-payer is an inviting target to be shafted whenever he has the desire or his bankster pals ask him to do so. Bernanke generally likes tax-payers ar%^!! - killben Sat, 02 Oct 2010 08:56:19 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/the-nyt-could-not-find-any-critics-of-the-tarp#comment-3333 Keep at 'em Dean. I'm tired of my steady diet of lies and propaganda. - Jimbo Sat, 02 Oct 2010 04:18:43 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/the-nyt-could-not-find-any-critics-of-the-tarp#comment-3332 There has been more than a decade of bad policy recently. Starting in the 80's the corrections to policy which were passed during the Depression have been systematically rescinded. The 2008 crisis has not led to significant reforms, and the failed institutions were just propped up. There will probably not be another housing bubble soon (despite the efforts of the real-estate lobby), but there will likely be one in another area: making bubbles is what finance - and the Fed - do. - skeptonomist Sat, 02 Oct 2010 03:44:32 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/the-nyt-could-not-find-any-critics-of-the-tarp#comment-3331 How can you miss out on commenting on the phony "payoff" of common shares to the Federal Gov by AIG. This isn't a payback they are just issuing shares of stock. It was all over the news last night that AIG was paying back the government when all they were doing is printing paper. Since the gov owns 93% of the stock, whether it is $29 or $45 the first share put on the market will make the value fall to $2 and we will be defrauded out of all the money we used to keep them from failing. Who is running this insane asylum? Economic monkeys? - xteeth Sat, 02 Oct 2010 01:23:07 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/the-nyt-could-not-find-any-critics-of-the-tarp#comment-3330 http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aeqvQcX6sRe4 http://www.huffingtonpost.com/2009/01/15/tarp-vote-obama-wins-350_n_158292.html - AndrewDover Fri, 01 Oct 2010 15:54:31 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/the-nyt-could-not-find-any-critics-of-the-tarp#comment-3329 Are you saying that the government should not have done anything at all and had it play out in bankruptcy court, or do you mean that the officials should have handled it as it handles other failing banks (through the FDIC)? I do agree that the taxpayer totally got shafted. - John Fri, 01 Oct 2010 14:56:46 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/the-nyt-could-not-find-any-critics-of-the-tarp#comment-3328 Was it NYTimes critic Pauline Kael who said" Reagan? Reagan won? I don't know anybody who voted for Reagan" - Bilejones Fri, 01 Oct 2010 10:46:23 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/the-nyt-could-not-find-any-critics-of-the-tarp#comment-3327 "TARP is more than a vote; it is a symbol of big government at its worst, intervening in private markets with taxpayers’ billions to save Wall Street plutocrats while average Americans struggle through the recession those financiers spawned." “But it really cuts against the grain for a public that is so angry at banks to think that something that so plainly helped the banks could also be good for the public.” Does anyone else sense the disconnect between these two statements? If the banks were indeed strictly "private markets", then how could intervention be "good for the public"? So either the banks are not strictly "private markets" or helping them was not at the same time "good for the public". The propaganda and lies of the Republicans have come home to roost. Having framed all government/business issues in the simplistic "free markets"/big government false horns of a dilemma, the Republicans cannot now convince their base with a truthful account of what just occurred. It may well be true, as Dean has stated in other articles, that the economy would have survived the collapse of the investment banks, and that we'll "never know". Nevertheless, the point remains. The Republicans have deliberately falsified the relationship between business (especially banking) and government and are now reaping the harvest of the ignorance they sowed. Then again, maybe not, since they've succeeded in blaming Obama for the bailouts and, according to polls, Teapartyers aren't aware (in spite of having just lived through the experience) that they occurred under Bush. - diesel Fri, 01 Oct 2010 06:41:03 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/the-nyt-could-not-find-any-critics-of-the-tarp#comment-3326 [b]frankenduf[/b] wrote, [quote]...even though smarter countries did it...[/quote] People (including Krugman) keep trotting out the Swedes as an example. While what they did was probably better than what we did, it should be noted that (IIRC) the Swedish government ensured bondholders were paid in full, which from the standpoint of fairness is completely wrong. - liberal Fri, 01 Oct 2010 06:06:28 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/the-nyt-could-not-find-any-critics-of-the-tarp#comment-3325 "Had the market been allowed to do its magic, Citigroup, Goldman Sachs, Morgan Stanley, Bank of America, and many other fine institutions would have" disappeared, vanishing into thin air like gas released from a bubble. - diesel Fri, 01 Oct 2010 05:33:17 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/the-nyt-could-not-find-any-critics-of-the-tarp#comment-3321 I will post your comment in the Times comments on this article if you don't mind. Funny, that these business and economic reporters at the Times, WSJ, and WaPo just can't ever find your number. - sherparick Fri, 01 Oct 2010 04:04:12 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/the-nyt-could-not-find-any-critics-of-the-tarp#comment-3320 Dear Big Government, Thank you for saving us under the Infant Industry Baby Banks Program designed to protect us from ruinous competition until we can regain our Economies of Scale, Scope, Savage and Scavage, which have already allowed us to pay you back with a handsome profit. For a while there we were worried about being unemployed. Now that we're healthy enough to return to our usual business, teaching the public the true meaning of opportunity cost under markets free of government interference, please feel free to send your representatives to our upcoming conference, Why We Are Worth Saving And The Unemployed Are Not. Deeply Indebted Always, Moral Hazard Privatized Gains Socialized Losses - izzatzo Fri, 01 Oct 2010 03:29:55 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/the-nyt-could-not-find-any-critics-of-the-tarp#comment-3319 nationalizing the banks also never got much air play, even though smarter countries did it, the reagan administration did it, and states have done it (taken over banks to fire the failed executives and help ease the ledger cleanup) - frankenduf Fri, 01 Oct 2010 03:11:38 +0100