[slowhandluke]

Tarp wasn’t intended to save banks. It was created to use the power of government for stealing from the working class to give to the elites.

The banks are the elite. The money had already been stolen one mortgage at a time, one crappy mortgage-based-security at a time. TARP was the sting part of the scam, when the government had to create money to cover up the original theft - and the bankers got most of that too.

The direct effect was to appear to save the banks from the bust, the indirect effect was to cover up the regulators' and legislators' malfeasance in setting up the boom. That the dollar will be trashed is an unfortunate side effect. Luckily, the elite now have the means to cope with the falling dollar.

So, I agree with you, just differ on the wording.

[jimpick]

I don't believe a effing thing Wells Fargo says. They tried to take my house because they can't keep record straight or they are crooks. You chose which you want to believe of the two. Had to spend 2.5 hours on the phone with the comptroller of the currency to get it taken care of. This was after months of fighting with Wells Fargo. We had every record going back over 17 years to prove we were right.

WELLS FARGO ARE CROOKS. That's my belief. That said I think they the government is just as bad.

[griswold3]

Paulson said TARP was the best option at the time, and the proof of that is that the “money has come back; all that, plus $32 billion.”
That ‘Profit’ is the argument given by TARP supporters. But to me, it just shows their ignorance. WHO paid the fees and interest to the institutions that made the profit to be given ‘back’? Like you so rightly said, ‘TARP was the sting part of the scam’.