Word: tarp
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Dates: during 2000-2009
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...attitude of, What's the problem? The crisis is over. Get out of our way and let us get back to business. This is especially true of those who don't owe the government any money. The conventional thinking is that the $700 billion of Troubled Asset Relief Program (TARP) money was the beginning and will be the end of the bailout. TARP lent $238 billion to more than 680 banks, according to SNL Financial, a research firm; 44 of these banks have repaid a total of $71 billion. Thus, there's less than $170 billion, a relative pittance...
...Pariaman's remote hamlet of Pulau Koto, which had been interred by a 30-ft.-high (10 m) landslide, I met Amin Dullah, a 40-year-old fishmonger, who crouched under a tarp with his 5-year-old daughter. When the tremor struck, Dullah fled his house with his 2-year-old son Fajar. But he was soon inundated by two waves of earth and lost his grip on the boy. Two days later, Fajar's body was found. Only six of Dullah's 31 neighbors survived. Marooned in such an isolated place, they had no idea that tragedy extended...
...most realms, in fact, the return to normality is under way. Banks are paying back TARP funds. Cash for Clunkers has faded into the sunset. The chairman of the Federal Reserve Board has declared the recession over, and home prices are inching upward...
...Bank of America wants to give back the TARP money it borrowed. In one very funny sequence in Capitalism, you back up an armored truck to various banks and demand the return of our money. Maybe you were just a tad early? And the AIG money? I don't think we're going to see any of that. You cannot steal money, and then invest the money and then give it back. You can't, let's say you are the president of the Kiwanis. You can't take the organization's money, go make a profitable investment and then...
...called the TARP program part of a financial coup d'etat. But if we get our money back, with interest, and the banking system reverts to doing what it should do, haven't the citizens won? If you give me $700 billion per year, hey I have some good ideas. I can make some money with that, for me and for you. I'm going to have my best quarter if you gave me that money. I wonder how many people in the inner cities would love a little bailout money to get out the hole they...