TARP Repayment Tax THEFT

[austinN4]

if your really do your research on these financial instruments and how they were used, its a huge scam. Goldman Sachs set it up, hid the toxic assets, and then positioned themselves to profit from it before everyone found out about it. they created the bubble fully knowing it would pop, and made a ton of money off of it.

Assuming this is true (not the point of my post) then it would not have happened if the activity was properly regulated and the regulators did their job.

More to the point, why should J.P. Morgan Chase, and others, pay a tax of 0.15% of thier laibilities when they didn't want or need TARP money and it was forced on them anyway? And they were not doing the activites that Goldman was.

The biggest offenders in this whole mess, other than politicians, were AIG, Goldman Sachs, Fannie and Freddie. And Fannie and Freddie are exempt from paying the 0.15%, at least as it is being discussed now!

Why should Chase and others have to pay back the TARP money that AIG, GM, Fannie and Freddie can't? It just doesn't make sense.

[Belmont31R]

Some of you are missing the point.


While regulating high risk investments may be of some benefit to society as a whole the tax of such actions is going to benefit companies friendly to this administration and companies the government owns. Its not all going to the "general fund".


Obama simply doesnt want the UAW, Freddie/Fannie, and GM to have to repay their TARP debts. Instead other companies who have already repaid their TARP funds or NEVER GOT THEM IN THE FIRST PLACE will.

Like I said....the government gets involved financially with the unions, and owns a couple companies, and suddenly other people are paying off their borrowed money.

I still owe about 10k on my car loan...anyone want to pay it off for me?