"In the early 80s under the Republican president, congress deregulated the savings and loan industry"
Forgot to mention that it was a democrat Congress which wrote and passed the deregulation before Reagan signed it.
"McCain and four other US senators (known to history as the Keating Five) "
Forgot to mention that the other 4 out of the Keating Five were democrat senat
"Also, while you are handing out our tax money to idiots on Wall Street,..."
Well' the author couldn't have known that Obama would give all those TARP $billions to wall Street.
The Treasury Department said it had already recovered more than it invested in TARP's bank programs through repayments and other income.Overall, the government is now expected to at least break even on its financial stability programs and may realize a positive return," Treasury said in a report last week. Do you want to try again RWE? Do you think we can get our wasted money back on the Iraq Bush war of choice, that you supported? Kentay
http://online.wsj.com/article/SB10001424052702303978104577364262736412398.html
Your article makes the opposite claim:
Updated April 24, 2012, 8:31 p.m. ETTARP: Billions in Loans in Doubt
BY VICTORIA MCGRANE,ROBIN SIDEL AND JEFFREY SPARSHOTTHundreds of small banks can't afford to repay federal bailout loans, a top watchdog will warn Wednesday in a report that challenges the government's upbeat assessment of its financial-system rescue.Christy Romero, special inspector general for the Troubled Asset Relief Program, said 351 small banks with some $15 billion in outstanding TARP loans face a "significant challenge" in raising new funds to repay the government.Ms. Romero made the comments in her quarterly report to Congress, the first since the Senate approved her appointment in March as special inspector general for the program. She urged the government and regulators to ...
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