Dec 16, 2008 9:45am
Billion Dollar Bank Bailout Application Only 2 Pages Long
EmailInteresting little detail from the Associated Press. The application for the federal TARP program — the Treasury program that is making billions of tax payer dollars available to bolster holding banks — is all of 2 pages long. But, if you want a college loan, you’ll be staring at an 8 page application. Want to buy a home? The Uniform Residential Loan Application is 5 pages.
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Soon….very soon….all your troubles will be over with because the “Big O” is coming into power. His rein will heal us all. There will be jobs for all, food for all, homes for all, and TAXES FOR ALL!!! Plenty of taxes, that’s for sure….that’s for dang sure!
Posted by: Lee | December 16, 2008, 10:51 am 10:51 am
Lee-
Taxes – thanks to the republicans and their Wall Street Buddies who fleeced America!
Posted by: jozy | December 16, 2008, 11:06 am 11:06 am
US Auto Industry= Pay back with interest…
Look what’s happening to your Tax Dollar… You are paying for the foreign vehicle twice…. Kinda makes you think twice….
By contrast, foreign auto makers receive far more from U.S. taxpayers in various forms of government assistance. In Tennessee, for example, state and local authorities offered Volkswagen $577 million in lowered taxes and other benefits in exchange for the plants it is constructing, at a staggering cost of $288,000 per job created.”
“Similarly, Toyota is receiving $300 million in support for its plant in Texas, or $150,000 per job created. Alabama provided Hyundai, Toyota, Honda and Mercedes an average of $111,000 in incentives per job. The list goes on. Unlike the temporary assistance GM, Ford and Chrysler are seeking, in almost all the cases, U.S. taxpayer subsidies to foreign companies never need to be paid back.”
Posted by: Dawn | December 16, 2008, 12:29 pm 12:29 pm
By the way… I need an application to apply for govenrment aid… My 401k took a dive from corprate greed, and I lost my job with and american automotive company because of non US-brand supporters, I can not pay for my mortgage and the CEOs at my local bank will take back my house at any moment. Please send me the application ASAP befor the TARP fund (American Taxes) is spent in Tennessee, Alabama, and Texas to our foreign competitors.
Posted by: Dawn | December 16, 2008, 12:38 pm 12:38 pm
DAWN – I agree – Meriwether County Ga.
Tax Payers are Paying for one of societies FAULTS (((GARBAGE DUMPS)))
Millions Being Spent – No REAL INFORMATION just “retorick” (that means
B/S.) The per job created MUST BE A TRUE “GIFT” this all stims from our Governors’ Promise of HOW MANY BILLIONS?
You realise who RULES don’t you; not
the VOTERS. Maybe another one of
those Commy Countries (Korea) but a
good cigar/OIL by the TRILLION barrell/
sugar that “taste” like sugar should/
Fruit picked daily (not frozen) > O’NO
we have to be hostile (why not annex
another state or 2 Cuba and Mexico) would
not that tell OPEC to shove it and end
the Illegal-Immigrant Problem -SURE
but how do you “SQUANDER” the citizens
Dollars?
Posted by: Phillip | December 16, 2008, 1:07 pm 1:07 pm
Kind of makes you wonder about the “Free Enterprise System”.
I guess they trust the banks more then the US citizens.
Hey! Wait a minute – Isn’t that what got us here in the first place.
Posted by: Wally | December 16, 2008, 1:33 pm 1:33 pm
I read that app and it is very clear that it is for banks and institutions that are already a known entity as opposed to some individual person with all the implied quirks and risks that an individual person might have.Is it fair? No,not really but if it really bugs you ,you should have become a banker so you could play in their sandlot.As for the Asia and Euro car companies they employ a lot of Americans and the last I heard their technology wasn’t exactly a big secret,Honda and Mercedes make a far,far superior product and the “Big Three” could have easily followed their lead, to the point,Chrysler was so full of stubborn boneheads that Mercedes spun them off at a loss just to be rid of their idiocy.
Posted by: guy | December 16, 2008, 1:50 pm 1:50 pm
Guy,
I have nothing against the compitition creating jobs here in the US. I do however find it very odd that our government can support the foreign car companies, giving them subsidies that do not have to be paid back, all kinds of tax monies, yet they procratinate on a Loan to save American jobs. This to me is the biggest form of Anti-american as you can get. The technologies are there and ready for build. This is no big secret. We are ready, just not able.
I was being sarcastic about the loan, I would have to move back in with my parents before the gov would give a tax payer back any money.
Posted by: Dawn | December 16, 2008, 2:21 pm 2:21 pm
Banks thrive on OUR paper work.
It seems the republicans do not want a paper trail so that future generations can see the biggest scam of all time.
I applied for mortgage relief; and I had to send my BANK 70 pages of data…So 2 months later they incredibly claim to have lost it all! I had to send it all again. IN THE MEANTIME THE INTEREST CLOCK CONTINUES AGAINST ME FOR THEIR MISTAKES) These banks are useless for the PEOPLE but GOOD to themselves…NATIONALISE BANKS,& HANG THE THIEVES. Appoint a Czar(s) from the people who have lost their homes, to be the one(s) to pursue these scumbag humans fleecing America to death…’Bankers’ be damned. KIDS, it’s a modern term for theives. …………………………-30-
Posted by: Keith | December 16, 2008, 2:27 pm 2:27 pm
FOLKS, IT’S TEA TIME. While were at it, let’s make it a GREEN TEA PARTY! BOSTON ARE YOU READY??????????????????
Posted by: JUDE | December 16, 2008, 2:33 pm 2:33 pm
To Phillip,
Wonder about the FREE enterprise system? What is free about government regulation?
Posted by: Dale Netherton | December 16, 2008, 2:40 pm 2:40 pm
It’s not that the gov. is out giving subsidies away to non American car companies just wily nily ,it is done at a more local level or state level,the companies have to show the revenue that will be produced in exchange for the tax benefits received ,jobs and steady paychecks for example far outweigh the benefits of a system that just pumps in cash in the form or welfare and public aid to those same people. The American companies have had the same opportunities to go into small out of the way states and towns but they choose not to and to keep producing the same item over and over in Detroit until the bottom finally falls out, like it has.Plus their union troubles don’t help things very much either.As for the will and the ability, we have both here,it is the corporations that hold us back,not the other way around.In this case the big oil companies have, for years, suppressed any idea that would damage oil consumption in the US.In Europe these same “big Three” companies are not in the same trouble and make very high mileage fuel efficient cars that are far better than anything they offer the American people.And Mercedes Benz has had a 65 mile per gallon car on the roads for over ten years that the oil lobby has prevented you from buying here in the states.Just look up the Mercedes A class on Wikpedia and be amazed.It’s a regular 4 pass car too,not the Smart Car which is nothing like the Euro version that get 100 MPG.
Posted by: guy | December 16, 2008, 2:48 pm 2:48 pm
Yes folks, Mr. Bushwhacker has taken us to a brand new DEBT! Don’t accept any more of his taxable offering.. gonna pay up our butts in 2009 taxes! I say NO!
Posted by: Perryof1963 | December 16, 2008, 3:03 pm 3:03 pm
I recently purchased my first AMERICAN made Ford 500.. big time gas guzzler.. can’t wait to get my HONDA ACCORD back!
Posted by: Perryof1963 | December 16, 2008, 3:08 pm 3:08 pm
Always looking for new information on the web, found your site to be interesting.
Posted by: Lorilee Clearwater | November 16, 2011, 9:42 am 9:42 am