Pay Czar cuts pays of CEO's.........whack! - Page 2

z06boy · 10-22-2009, 04:43 PM

Quote:

Originally Posted by pauldun170

That's the plan...

Take your crappy loan and shove it up your ass.

zer0t · 10-22-2009, 09:48 PM

Paying back the TARP will do nothing. Besides of the 1+ trillion dollar bailout the TARP (advertised as 700 bln) was only 350 bln because the rest was used for other programs e.g. making home affordable, which didn't help anyone afford their home; and a variety of pet projects like a tax subsidy for a company that makes arrows in Ohio. A large portion of TARP has been paid back by a variety of firms, did that money got back into the federal reserve or get destroyed (shrinking the money supply)?

Another thing to remember is that the 100 bln consumed by AIG wasn't TARP money but a loan from the NY Federal Reserve Bank.

A really good question is to ask what happened to all the money? Congress wants restrictions on spending and pay caps because a combination of corporate America and the greedy public (some not all folks) caused a blow that cost the tax payers 350 bln+. Even if we ascribe the entire 1 trln to this we are left with another 9 trln in debt. Why wouldn't congress and the president cap spending and work for free? Somone please point out one time in the past when congress voted a pay cut for themselves? Or tried to cap spending--and actually did it.

njchopper87 · 10-22-2009, 10:21 PM

I was actually just thinking about the senate having virtually an unlimited salary.. try sticking a cap on that shit then we'll see some return.

10-22-2009, 09:48 PM	#12
zer0t Kneedragger Join Date: Jun 2009 Location: Morris County, NJ Moto: 2003 FLSTCI 2008 KTM RC8 Posts: 179	Paying back the TARP will do nothing. Besides of the 1+ trillion dollar bailout the TARP (advertised as 700 bln) was only 350 bln because the rest was used for other programs e.g. making home affordable, which didn't help anyone afford their home; and a variety of pet projects like a tax subsidy for a company that makes arrows in Ohio. A large portion of TARP has been paid back by a variety of firms, did that money got back into the federal reserve or get destroyed (shrinking the money supply)? Another thing to remember is that the 100 bln consumed by AIG wasn't TARP money but a loan from the NY Federal Reserve Bank. A really good question is to ask what happened to all the money? Congress wants restrictions on spending and pay caps because a combination of corporate America and the greedy public (some not all folks) caused a blow that cost the tax payers 350 bln+. Even if we ascribe the entire 1 trln to this we are left with another 9 trln in debt. Why wouldn't congress and the president cap spending and work for free? Somone please point out one time in the past when congress voted a pay cut for themselves? Or tried to cap spending--and actually did it. __________________ The true man wants two things: danger and play. For that reason he wants woman, as the most dangerous plaything. - Friedrich Nietzsche Last edited by zer0t; 10-22-2009 at 09:50 PM..