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Originally Posted by Tully Mars
So do this think TARP was not a very good return or do you think it's being repaid nicely?
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The money loaned to the banks has had significant repayments. Compare that to cash for clunkers, new home credits, 'job creation' giveaways, etc that will likely never be repaid.
Quote:
Originally Posted by Tully Mars
And when the Dow was over 14K what did Bush do to make it drop nearly in half to the 8200 Obama inherited? I mean if Obama managed to 'spook" it down 2000pts Bush must of scared the living shit out if it to make it drop over 6,000pts, right?
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I don't remember Bush making any statements talking down the economy. That I think had more to do with the panic in Sept 2008 and again the disappearance of a surplus of cash that was spiking the housing market as well as the stock market.