Page 18 - Tarp Program News Today

Bailout remains controversial today. mitt romney says he would have allowed the car companies to fail. president obama on the other hand is touting their recovery as a significant achievement for his administration. clinton eastwood, well, he said this in november. quote: im a big hawk on cutting the deficit. i was against the stimulus thing, too. we shouldnt be bailing out the banks and car companies, unquote. thats why i said yesterday that i believe mr. eastwood was doing a pro-america commer...

Yeah. its halftime, america. and our second half is about to begin. >> bill: reports are the obama campaign is very happy with the spot but conservatives like karl rove are not. saying it supports government bailouts. mr. rove will be here momentarily. but, first, lets take a look at what happened. in september of 2008, president bush signed into law a program that authorized 700 billion taxpayer dollars to bailout failing american companies. right now the feds are still owed about 100 billion f...

Yeah. its halftime, america. and our second half is about to begin. >> bill: reports are the obama campaign is very happy with the spot but conservatives like karl rove are not. saying it supports government bailouts. mr. rove will be here momentarily. but, first, lets take a look at what happened. in september of 2008, president bush signed into law a program that authorized 700 billion taxpayer dollars to bailout failing american companies. right now the feds are still owed about 100 billion f...

Millions of people now desperately looking for work? what does it mean nor the economy over youll. joining me now a fox business network contributor charles payne. what does this mean and why are fewer businesses being start stphed. >> reporter: its very, very bad news. we talk about the economic engine what is going to jump start our economy. it is small businesses. there is a report out today that underscores it. from the recession that ended in 2001 to 2007 small businesses created 7 million ...

Running it but put it on steroids forever like always stay with that plan? that was in early 2008. then we started shedding these jobs and the company was really in trouble and then all of a sudden they had to make some decisions. then john boehner shows up, minority leader in the house, and says dog gone it what do you say we spend some money? what do you say we do the t.a.r.p. program? heres what he had to say. lets not forget. >> think about the jobs that will be lost. if i didnt think we wer...

Whether bad ventilation played a role in those deaths and close to 100 banks previously rescued by the federal government is showing signs of failing again. new report out of "the wall street journal" says the banks in question received money from the tarp program and suggests the bailout may simply have been a temporary solution to an unavoidable collapse. the veteran pilot that got in trouble with the tsa after posting you tube videos showing what he says are serious flaws from security is com...

Spending money and they will find other ways. >> so you dont think this is going anywhere to bring down the debt, is that what you say? >> thats what im saying. i dont have a lot of confidence at this point. >> is everyone in wisconsin as synical as you? >> i dont know. >> how long are you here for? >> one more day. >> the bottom line is the tarp you hear so much about was essentially a credit line. in jest, but what we are trying to do in reality is point out the fact that a credit line is a cr...

This along to you in his fine hour, but we crossed an important threshold today. $250 billion, thats the amount of money that the government is saying has now been returned to taxpayers from tarp. do you remember tarp? the troubled asset relief program. well that money is coming back into our hot little hands. but i dont want to rain on your thanksgiving parade, but it is not exactly in your hot little hands. in other words, the $2 50 billion which is essentially a credit line is now going back ...

They should have been investigating mortgage fraud a long time ago. its rampant. they had an opportunity when they bailed out these banks with the t.a.r.p. program, to get under the hood, make these banks act responsibly. they passed again. >> why would they not do this? >> weve got some big problems. the banks were making loans they never should have made. thats problem number one. the second thing is how these loans were packaged and sold off. if people knowingly sold bad loans to investors, t...

Oversaw the tarp program, this bill with a $30 billion pot of money will create a moral hazard because if i am lending money that you gave me i may not oversee it as much as if i owned the money myself. so they believe we are going to create a $30 billion pot of money that could be length to a risky way. you know, it is $30 billion pot of federal money, the federal government will back up the loans, and fannie mae and freddie mac, you give loans to people who could not pay back because it was no...