OBA TARP = BA TARP ? - Page 2 - Mercedes-Benz Forum

LinkBack Thread Tools Display Modes
post #11 of 15 (permalink) Old 02-07-2009, 12:48 PM
It Is What It Is, Dude
isthisdave's Avatar
Date registered: Mar 2006
Vehicle: 1978 107.024 RIP
Location: InTransition
Posts: 21,584
Mentioned: 2 Post(s)
Quoted: 83 Post(s)
Lifetime Premium Member
^ Which one?
isthisdave is offline  
Sponsored Links
post #12 of 15 (permalink) Old 02-07-2009, 12:49 PM
BenzWorld Elite
mcbear's Avatar
Date registered: Apr 2004
Vehicle: E500Es
Location: The BlueGrass State
Posts: 29,579
Mentioned: 0 Post(s)
Quoted: 2 Post(s)
Originally Posted by edfreeman View Post
Mind if I quote this over in the fearmongering thread?
No prob...but I agree, which one.


Being smart is knowing the difference, in a sticky situation between a well delivered anecdote and a well delivered antidote - bear.
mcbear is offline  
post #13 of 15 (permalink) Old 02-08-2009, 01:14 PM Thread Starter
BenzWorld Elite
Date registered: Feb 2006
Vehicle: 1999 ML320
Location: Ratville
Posts: 24,029
Mentioned: 1 Post(s)
Quoted: 310 Post(s)
(Thread Starter)
Originally Posted by mcbear View Post
We have, NeoCons LOST.

I expect the second tranche of TARP funds will be much better managed. First, we have an administration that does not have a history of poor management of the financial sector and Second, we have the lessons of the first tranche drawdown from which to learn.

Patience grasshopper. Nothing good comes quickly.
Spare me the spin.
From the news, no requirements for the banks to lend have been mentioned.Guess where it goes ?

The proposal to be announced by Geithner will not require banks to increase their lending, despite criticism that institutions that already received money from the Troubled Asset Relief Program of last year either hoarded it or used the funds to acquire other banks.

Incentives to private investors could come in the form of government commitments to absorb some of the losses from any assets they purchase, should their values continue to decline. The goal is to relieve the banks of their worst assets so that private investors might then provide more capital.With the proper government guarantees and strategic approaches, "Secretary Geithner believes we can bring in substantial private capital," Summers said. "Where we can catalyze private capital, that's a better route to solving this problem than government resources."http://www.iht.com/articles/2009/02/08/america/prexy.4-425451.php?page=2
To the victor goes the spoils. Which set of private investors will be favored ?
mlfun is offline  
post #14 of 15 (permalink) Old 02-09-2009, 12:12 PM Thread Starter
BenzWorld Elite
Date registered: Feb 2006
Vehicle: 1999 ML320
Location: Ratville
Posts: 24,029
Mentioned: 1 Post(s)
Quoted: 310 Post(s)
(Thread Starter)
Wait a minute .... government guarantees given to private parties ... that sounds awfully familiar.

Public money never leaves the inner circle of money handlers, private equity managers, ex bankers ,ex politicians, insiders , does it ?


WASHINGTON (MarketWatch) -- A key Obama administration official said Sunday that new, soon-to-be-announced financial measures by the Treasury will include creating incentives for the private sector to invest in troubled banks.

"It can't all be private capital, but with the right kinds of government guarantees and the right kinds of financing, strategic approaches, [Treasury Secretary Timothy] Geithner believes we can bring in substantial private capital," said Obama's chief economic advisor Lawrence Summers on Fox News Sunday.
mlfun is offline  
post #15 of 15 (permalink) Old 02-09-2009, 11:48 PM Thread Starter
BenzWorld Elite
Date registered: Feb 2006
Vehicle: 1999 ML320
Location: Ratville
Posts: 24,029
Mentioned: 1 Post(s)
Quoted: 310 Post(s)
(Thread Starter)
What did I say ?


In the end, Mr. Geithner largely prevailed in opposing tougher conditions on financial institutions that were sought by presidential aides, including David Axelrod, a senior adviser to the president, according to administration and Congressional officials.
He resisted those who wanted to dictate how banks would spend their rescue money. And he prevailed over top administration aides who wanted to replace bank executives and wipe out shareholders at institutions receiving aid.
And for all of its boldness, the plan largely repeats the Bush administration’s approach of deferring to many of the same companies and executives who had peddled risky loans and investments at the heart of the crisis and failed to foresee many of the problems plaguing the markets

Last edited by mlfun; 02-09-2009 at 11:51 PM.
mlfun is offline  
Sponsored Links

  Mercedes-Benz Forum > General Mercedes-Benz Forums > Off-Topic

Quick Reply

Register Now

In order to be able to post messages on the Mercedes-Benz Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Please enter a password for your user account. Note that passwords are case-sensitive.


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:


  • Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
    Thread Tools
    Show Printable Version Show Printable Version
    Email this Page Email this Page
    Display Modes
    Linear Mode Linear Mode

    Similar Threads
    Topic Author Forum Replies Last Post
    15M voted and not a word from the sourpuss OBA mlfun Off-Topic 7 01-31-2009 01:51 PM
    Good job OBA : North Korea says all agreements with South are void mlfun Off-Topic 9 01-30-2009 05:55 PM
    404 cargo bed sides,bows,tarp needed gameroom99 Unimog 4 06-23-2008 10:54 AM

    Posting Rules  
    You may post new threads
    You may post replies
    You may not post attachments
    You may not edit your posts

    BB code is On
    Smilies are On
    [IMG] code is On
    HTML code is Off
    Trackbacks are On
    Pingbacks are On
    Refbacks are On


    Title goes here

    video goes here
    description goes here. Read Full Story
    For the best viewing experience please update your browser to Google Chrome