Has TARP worked?

[Bill Bess]

I love history, it provides many examples of man's greatest adventures and failures.
You would think our leaders would use this resource as a reference and guide them to better judgements.
Basics are always the best path, be creative, work hard and pay for what you need and don't barrow on the future.

[Ron61]

Bill,

You would think our leaders would use this resource as a reference and guide them to better judgements.

The only thing our leaders are interested in is getting more power and money for themselves. They could care less about the average people. As for the Govt. taking control of anything, I don't like it. Use the mega corps. to start with and then work their way down until they control everything and everyone. Why was nothing said about the oil companies and Chevron which just completed another mega deal? The Govt. ordering the lending institutions to loan money to people to buy those over priced homes was a big part of the problem to begin with. Now I see that The Glorious Leader is telling banks they should loosen up their loan policies and loan to people with less means to pay it back. Starting this all over again before it is even cleaned up from the first crash.

Ron

[Tommy]

It appears to me that TARP was beneficial to the country as a whole. And I have no problem with the government placing some limits on business via anti-monopoly laws or controls on businesses that could cause an economic catastrophy for the nation. In both of these cases I see the government more as referees trying to keep the game fair for all the players.

[Ron61]

Tommy,

There are already anti monopoly laws on the books, they just don't give the Govt. the power that this administration wants. And the SEC used to keep control of Wall Street until they became as corrupt as the Wall Street Gang. And even when they catch one of them stealing millions from people or with insider trading all they do is slap their hands. I don't know what the answer is, but giving the people we have in power total control isn't it.

Ron

[RAZOR]

Originally Posted by Bill Bess

I love history, it provides many examples of man's greatest adventures and failures.
You would think our leaders would use this resource as a reference and guide them to better judgements.
Basics are always the best path, be creative, work hard and pay for what you need and don't barrow on the future.

I too love history and find the wisdom of the Founding Fathers timeless and enduring, only if we could have a few of them with us now. Thomas Jefferson did not trust any bank and thought them to be the bane to our fledgling nation, his view was that they were similar to making your living by playing five card stud,(my analogy not his).He thought it was getting rich quick with little work, and it would ruin the work ethic, his vision was everyone should be a gentleman farmer, so he was more than a little extreme in this vein.

He also said, "It is a wise rule and should be fundamental in a government disposed to cherish its credit, and at the same time to restrain the use of it within the limits of its faculties,never to borrow a dollar without laying a tax in the same instant for paying the interest annually, and the principle within a given term; and to consider that tax as pledged to the creditors on the public faith."