Democrats are considering using TARP funds for a new purpose which is to bail out homeowners. Rep. Maxine Waters (D- Calif.) pushed a proposal that would channel $3 billion towards a mortgage relief for jobless home-owners. These funds would be taken out from the ‘Troubled Assets Relief Program (. Read More. Don t Miss Any Updates! News Directly in Your Inbox Subscribe to:
remember tarp, she was on the right side. t.a.r.p. was all about relieving troubled assets relief program. that was the rich went in with the poor to buy houses and the rich got bailed out when the mortgages went through and the poor lost their homes. here s the problem is she is now basically in the tame space that donald trump is mess and wise. she is going to compete with him on defending the past, talking about the labor movement, manufacturing jobs, she shouldn t be talking about the jobs of the past. she should be talking about the future. i think she can do that and i think she can attract minorities and women she s strong on by doing that. by propping up past, you re only falling into a trap with donald trump. i don t think that s the way forward. listen, i hope you don t mind if i bring someone in the cold. i m told john hardwood, editor-at-large, is there in front of the camera. i m going to get to you real quick, john. warren talks a lot about the difficulty of getting ahe
there s triggers to sell stocks. in an environment like this, that selling picks up momentum. is this the washout? do we flush it out? some would argue this is healthy. you can t keep going up forever. at some point you have to have a revaluation. that s what we re seeing now. shepard: we hope that s what we re seeing. the truth is, you don t know what the markets will do until they do them. it s like forecasting a hurricane. you can think what it s going to do but only the hurricane decides to do and the markets are the same way. it would appear that there s i know i ve seen the biggest one day sell off that i ve ever seen. i know we had a flash crash of about 1,000 points during one day. that s not how the session ended. then there was two years ago well, the biggest one was 778 points on the day that there was an attempt add tarp, the troubled assets relief program
this day has seemed like to me since the moment i hit the door this morning, it was reminiscent of tarp, the troubled assets relief program in september of aw the markets go down in synchronicity 20 the role call vote. 777 points. it never seemed like they had the votes that day. this morning about being in the whip operation, never quite felt right. chad pergrin live on capitol hill. a lot of new information coming in all at the same time. we want to get to some new information that s coming to us from the white house. fox stations across the country join us live. from fox news in new york, i m shepard smith. this is breaking news coverage of the republican healthcare bill on capitol hill. fox news has now learned that the president has just asked that speaker paul ryan and the united states house of
down 777 points in synchronicity with the vote on tarp. the troubled assets relief program. what i want to leave you with real quick, i talked to one senior aide this afternoon. they said nothing fatal happened today. nothing fatal happened today. they don t have the votes yet but this isn t something that they contestant get everybody to yes. neil: history suggests, j.f.k., ronald reagan survived. thanks very much. again, those guys started out with bumpy rides and more than survived. the house minority whip on what he thinks is happening next. success has always been measured in zeros. but shouldn t it be about firsts? and seconds. how about adding a third? we think there s a bajillion ways to measure success.