Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: polstar123

I used to think the same as you, but now I think they are all corrupt. Billions in Tarp funds? They all have offshore accounts, and are money laundering for Obama as far as I’m concerned.


8 posted on 03/07/2013 3:20:53 PM PST by mgist
[ Post Reply | Private Reply | To 7 | View Replies ]


To: mgist
I think you are confusing “corrupt” with “capitalism”, similar to the occupy Wall Street people...MS took the $10 billion after being asked to by the secretary of treasury, they requested to pay the government back those funds, and ultimately the government allowed them to, and they did pay back the $ 10 billion. I wish I could borrow that money interest free, but there is an argument to make for why, and it had its strings attached that led the way to the government harming, irreparably perhaps, the financial system. And it gets more complicated because MS later bought back those warrants from the gov for $950 million premium- freedom had a price.

Perhaps the banks got a good deal, perhaps the govt deal makers are numbskulls, but this is what happens when govt interferes with capitalism. And just because someone comes up with a way to make a ton of money does not make them a crook or corrupt. As for overseas accounts and the like, not sure what that means, but I'm fairly sure it isn't to launder money for Obama.

9 posted on 03/07/2013 3:47:15 PM PST by polstar123
[ Post Reply | Private Reply | To 8 | View Replies ]

To: mgist
I think you are confusing “corrupt” with “capitalism”, similar to the occupy Wall Street people...MS took the $10 billion after being asked to by the secretary of treasury, they requested to pay the government back those funds, and ultimately the government allowed them to, and they did pay back the $ 10 billion. I wish I could borrow that money interest free, but there is an argument to make for why, and it had its strings attached that led the way to the government harming, irreparably perhaps, the financial system. And it gets more complicated because MS later bought back those warrants from the gov for $950 million premium- freedom had a price.

Perhaps the banks got a good deal, perhaps the govt deal makers are numbskulls, but this is what happens when govt interferes with capitalism. And just because someone comes up with a way to make a ton of money does not make them a crook or corrupt. As for overseas accounts and the like, not sure what that means, but I'm fairly sure it isn't to launder money for Obama.

10 posted on 03/07/2013 3:47:16 PM PST by polstar123
[ Post Reply | Private Reply | To 8 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson