Zambroski Posted October 30, 2019 Share Posted October 30, 2019 Just now, revkevsdi said: You should. Look how butthurt they are. They are reduced to calling you names a grade school student would consider lame. LOL! What have you ever done different on any of these forums? You and MC....can you shit in his diapers from somewhere west of somewhere in Canada or, do you have our own? Loser. Quote Link to comment Share on other sites More sharing options...
revkevsdi Posted October 30, 2019 Share Posted October 30, 2019 5 minutes ago, Zambroski said: LOL! What have you ever done different on any of these forums? You and MC....can you shit in his diapers from somewhere west of somewhere in Canada or, do you have our own? Loser. As I said, stuff a grade school kid would find lame. Actually anything about Zambo the clown would be considered lame by all ages. That's why he is universally laughed at. Quote Link to comment Share on other sites More sharing options...
Zambroski Posted October 30, 2019 Share Posted October 30, 2019 Just now, revkevsdi said: As I said, stuff a grade school kid would find lame. Actually anything about Zambo the clown would be considered lame by all ages. That's why he is universally laughed at. Pathetic. There’s no way you are in your mid-50’s. Are you a downie? Quote Link to comment Share on other sites More sharing options...
Anler Posted October 30, 2019 Share Posted October 30, 2019 8 hours ago, frenchy said: the bank bailouts allowed money to continue being loaned to hardworking everyday people and small businesses. They are exactly the same. That's a lie. Quote Link to comment Share on other sites More sharing options...
snoughnut Posted October 30, 2019 Share Posted October 30, 2019 15 hours ago, frenchy said: the bank bailouts allowed money to continue being loaned to hardworking everyday people and small businesses. They are exactly the same. 14 hours ago, frenchy said: the 'point' of the bailout wasn't to pad the pockets of bankers but rather keeping capital flowing into the hands of everyday Americans. Just like the point of this one is to keep farmers solvent who may otherwise fail LOL....... poor bamboozled Frenchy, those are massive lies. You need to do a little reading on the subject. As for the use of the bailout money, the report, by the Special Inspector General for the Troubled Asset Relief Program, has some startling information. Among them, 222 bank executives connected with the program have been charged with fraud since 2011, 160 have been convicted of wrongdoing, 91 have been sentenced to prison, and 45 are awaiting sentencing. SIGTARP has recovered $1.4 billion through court orders, fines or settlements. It’s seized property including a 1954 Cadillac Eldorado. It estimates it has cases that could yield another $7.38 billion in recovery. Also outstanding is $16.6 billion given to the auto industry ($2.93 billion to Chrysler, FCAU, +7.56% , $11.2 billion to General Motors Co. GM, +4.28% and $2.5 billion given to Ally Financial ALLY, -0.32% ) and $13.5 billion given to systemically important institutions (AIG). The capital purchase program is owed another $5.4 billion. Some of this money will either never be recovered or just a fraction of it will. Because the Treasury Department took stock warrants in banks as a form of aid, it’s trying to sell those stakes via auctions. Unfortunately, those stakes have been selling at deep discounts to hedge funds and private equity firms, which often flip them, reselling them to the banks at a profit. Of the 707 banks that initially participated in TARP, 134 still are in the program. More than 280 banks exited the program without repaying its disbursements in full. Then, of course, there is the issue of the money that was supposed to go to struggling homeowners. At the start of TARP $45.6 billion was set aside for principal reduction and refinancing (Making Home Affordable program). At the end of last year, less than a quarter of the money, $9.9 billion, had been used. Not to chastise Bowler, who leads TARP for the Treasury Department, but the bank bailout programs can’t simply be judged on what calamity they might have avoided. They need to be judged for their effectiveness in saving the institutions they sought to save, how cost-effective they were to implement and how the investments paid off. More importantly, TARP wasn’t just a bank bailout. It was supposed to help homeowners stay in their homes. That there were between 4 million to 6 million foreclosures since the crisis suggest TARP ultimately failed in this area. Perhaps the Treasury Department can send those who lost their homes to some “team building” workshops. Quote Link to comment Share on other sites More sharing options...
frenchy Posted October 30, 2019 Share Posted October 30, 2019 2 hours ago, snoughnut said: LOL....... poor bamboozled Frenchy, those are massive lies. You need to do a little reading on the subject. As for the use of the bailout money, the report, by the Special Inspector General for the Troubled Asset Relief Program, has some startling information. Among them, 222 bank executives connected with the program have been charged with fraud since 2011, 160 have been convicted of wrongdoing, 91 have been sentenced to prison, and 45 are awaiting sentencing. SIGTARP has recovered $1.4 billion through court orders, fines or settlements. It’s seized property including a 1954 Cadillac Eldorado. It estimates it has cases that could yield another $7.38 billion in recovery. Also outstanding is $16.6 billion given to the auto industry ($2.93 billion to Chrysler, FCAU, +7.56% , $11.2 billion to General Motors Co. GM, +4.28% and $2.5 billion given to Ally Financial ALLY, -0.32% ) and $13.5 billion given to systemically important institutions (AIG). The capital purchase program is owed another $5.4 billion. Some of this money will either never be recovered or just a fraction of it will. Because the Treasury Department took stock warrants in banks as a form of aid, it’s trying to sell those stakes via auctions. Unfortunately, those stakes have been selling at deep discounts to hedge funds and private equity firms, which often flip them, reselling them to the banks at a profit. Of the 707 banks that initially participated in TARP, 134 still are in the program. More than 280 banks exited the program without repaying its disbursements in full. Then, of course, there is the issue of the money that was supposed to go to struggling homeowners. At the start of TARP $45.6 billion was set aside for principal reduction and refinancing (Making Home Affordable program). At the end of last year, less than a quarter of the money, $9.9 billion, had been used. Not to chastise Bowler, who leads TARP for the Treasury Department, but the bank bailout programs can’t simply be judged on what calamity they might have avoided. They need to be judged for their effectiveness in saving the institutions they sought to save, how cost-effective they were to implement and how the investments paid off. More importantly, TARP wasn’t just a bank bailout. It was supposed to help homeowners stay in their homes. That there were between 4 million to 6 million foreclosures since the crisis suggest TARP ultimately failed in this area. Perhaps the Treasury Department can send those who lost their homes to some “team building” workshops. I have never defended the banks and have said many times many wall street execs should be behind bars but the simple fact is the banks were too big to fail and allowing them to do so would have created a worldwide depression. You can stay focused on insignificant examples like the ones you've posted all you like. Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted October 30, 2019 Share Posted October 30, 2019 Just now, frenchy said: I have never defended the banks and have said many times many wall street execs should be behind bars but the simple fact is the banks were too big to fail and allowing them to do so would have created a worldwide depression. You can stay focused on insignificant examples like the ones you've posted all you like. spot on making home affordable overall failed to deliver the numbers expected because for many they were better served by walking away. Quote Link to comment Share on other sites More sharing options...
frenchy Posted October 30, 2019 Share Posted October 30, 2019 1 minute ago, Angry ginger said: spot on making home affordable overall failed to deliver the numbers expected because for many they were better served by walking away. yup. Quote Link to comment Share on other sites More sharing options...
Mainecat Posted October 30, 2019 Author Share Posted October 30, 2019 10 hours ago, revkevsdi said: As I said, stuff a grade school kid would find lame. Actually anything about Zambo the clown would be considered lame by all ages. That's why he is universally laughed at. Look at the child zambrokski his responses are always on his or someone’s status on forums. He has no life.....a mod on a quasi sled site is his high until the mailman comes. Sad really. Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted October 30, 2019 Share Posted October 30, 2019 1 minute ago, frenchy said: yup. took a decade+ for prices to get back to their peak. by walking away 4 years later they were able to buy something at the markets low point and gain tremendous equity in a lot of markets where the speculation really pushed prices high and therefore real low by 11/12/13. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Jimmy Snacks Posted October 30, 2019 Platinum Contributing Member Share Posted October 30, 2019 2 minutes ago, Mainecat said: Look at the child zambrokski his responses are always on his or someone’s status on forums. He has no life.....a mod on a quasi sled site is his high until the mailman comes. Sad really. He is the loudmouthed drunk at the party everybody avoids yet he thinks they all love him. Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted October 30, 2019 Share Posted October 30, 2019 10 hours ago, revkevsdi said: As I said, stuff a grade school kid would find lame. Actually anything about Zambo the clown would be considered lame by all ages. That's why he is universally laughed at. 11 minutes ago, Mainecat said: Look at the child zambrokski his responses are always on his or someone’s status on forums. He has no life.....a mod on a quasi sled site is his high until the mailman comes. Sad really. 8 minutes ago, Jimmy Snacks said: He is the loudmouthed drunk at the party everybody avoids yet he thinks they all love him. 3 people with a startling lack of self awareness. Quote Link to comment Share on other sites More sharing options...
Momorider Posted October 30, 2019 Share Posted October 30, 2019 6 minutes ago, DriftBusta said: 3 people with a startling lack of self awareness. Quote Link to comment Share on other sites More sharing options...
Zambroski Posted October 30, 2019 Share Posted October 30, 2019 2 minutes ago, DriftBusta said: 3 people with a startling lack of self awareness. This is why we eat cattle. Quote Link to comment Share on other sites More sharing options...
revkevsdi Posted October 30, 2019 Share Posted October 30, 2019 11 hours ago, Zambroski said: Pathetic. There’s no way you are in your mid-50’s. Are you a downie? 47 minutes ago, Mainecat said: Look at the child zambrokski his responses are always on his or someone’s status on forums. He has no life.....a mod on a quasi sled site is his high until the mailman comes. Sad really. 44 minutes ago, Jimmy Snacks said: He is the loudmouthed drunk at the party everybody avoids yet he thinks they all love him. Poor stupid Zambo The only person I’ve seen defend Zambo the clown lately is Momo. Somehow he counts that a validation. Quote Link to comment Share on other sites More sharing options...
revkevsdi Posted October 30, 2019 Share Posted October 30, 2019 39 minutes ago, DriftBusta said: 3 people with a startling lack of self awareness. Coming from you that means 0 0 is coincidentally the number of banks you were able to get a mortgage from at the age of 50. Yet you hold yourself up as a financial advisor. You should change your name on here to startling lack of self awareness. Quote Link to comment Share on other sites More sharing options...
revkevsdi Posted October 30, 2019 Share Posted October 30, 2019 1 hour ago, frenchy said: I have never defended the banks and have said many times many wall street execs should be behind bars but the simple fact is the banks were too big to fail and allowing them to do so would have created a worldwide depression. You can stay focused on insignificant examples like the ones you've posted all you like. 1 hour ago, Angry ginger said: spot on making home affordable overall failed to deliver the numbers expected because for many they were better served by walking away. Not even close to spot on. How could anyone be upset about the auto bail out and defend the bank bail out? China was just dying to buy auto assets and steal all that tech. Not to mention the jobs. What would you have lost if some of the banks collapsed? They would have merged, been bought out by other banks etc. No technology. A lot of friends of Republicans and Democrats would have lost everything. Donald Trump would have lost it all. So you wouldn’t have had the circus he provided. Quote Link to comment Share on other sites More sharing options...
Zambroski Posted October 30, 2019 Share Posted October 30, 2019 9 minutes ago, revkevsdi said: Poor stupid Zambo The only person I’ve seen defend Zambo the clown lately is Momo. Somehow he counts that a validation. You think I need defending? Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted October 30, 2019 Share Posted October 30, 2019 6 minutes ago, revkevsdi said: Not even close to spot on. How could anyone be upset about the auto bail out and defend the bank bail out? China was just dying to buy auto assets and steal all that tech. Not to mention the jobs. What would you have lost if some of the banks collapsed? They would have merged, been bought out by other banks etc. No technology. A lot of friends of Republicans and Democrats would have lost everything. Donald Trump would have lost it all. So you wouldn’t have had the circus he provided. the economy cannot afford a collapse of the banking system, it's a domino and you have to step in and stop them all from falling. More should have gone to jail for fraudulent practices but the reality is you cannot let the system fail. Auto bailout was also the right thing to do. Quote Link to comment Share on other sites More sharing options...
frenchy Posted October 30, 2019 Share Posted October 30, 2019 10 minutes ago, revkevsdi said: Not even close to spot on. How could anyone be upset about the auto bail out and defend the bank bail out? China was just dying to buy auto assets and steal all that tech. Not to mention the jobs. What would you have lost if some of the banks collapsed? They would have merged, been bought out by other banks etc. No technology. A lot of friends of Republicans and Democrats would have lost everything. Donald Trump would have lost it all. So you wouldn’t have had the circus he provided. Quote Link to comment Share on other sites More sharing options...
revkevsdi Posted October 30, 2019 Share Posted October 30, 2019 7 minutes ago, Angry ginger said: the economy cannot afford a collapse of the banking system, it's a domino and you have to step in and stop them all from falling. More should have gone to jail for fraudulent practices but the reality is you cannot let the system fail. Auto bailout was also the right thing to do. They didn’t have to make the banks whole. They could have guaranteed savings up to a certain point then used a gradually lowering percentage on savings to avoid a total melt down. allowing bonuses to go to people that spent years creating or ignoring the problem was criminal on both sides. Quote Link to comment Share on other sites More sharing options...
revkevsdi Posted October 30, 2019 Share Posted October 30, 2019 17 minutes ago, Zambroski said: You think I need defending? What’s funny is that you don’t think you need defending. Quote Link to comment Share on other sites More sharing options...
Zambroski Posted October 30, 2019 Share Posted October 30, 2019 1 minute ago, revkevsdi said: They didn’t have to make the banks whole. They could have guaranteed savings up to a certain point then used a gradually lowering percentage on savings to avoid a total melt down. allowing bonuses to go to people that spent years creating or ignoring the problem was criminal on both sides. You are just ignorant. Amazing. Quote Link to comment Share on other sites More sharing options...
Zambroski Posted October 30, 2019 Share Posted October 30, 2019 Just now, revkevsdi said: What’s funny is that you don’t think you need defending. Find somebody that thinks I do. Quote Link to comment Share on other sites More sharing options...
revkevsdi Posted October 30, 2019 Share Posted October 30, 2019 (edited) 4 minutes ago, Zambroski said: Find somebody that thinks I do. Finding people who think you are worthy is the issue. Momo. That’s who thinks you are worthy. Now run along and do some important mod work over at hcs. Edited October 30, 2019 by revkevsdi Quote Link to comment Share on other sites More sharing options...
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