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Related: About this forumErin Burnett owes a big apology to the OWS protestor she mocked..
Tarp Overseer Debunks Bailout Myths: Big Companies HAVENT Repaid Tarp Funds
And Funds to Help Homeowners HAVENT Been Disbursed
Debunking Bailout Myths
Apologists for government bailouts push two main myths:
But the official government overseer of the Tarp bailout program the special inspector general for TARP, Christy L. Romero has debunked both myths.
Today, Romero wrote the following to Congress:
And earlier this month, Romero stated that the portion of the Tarp funds which were supposed to help homeowners havent been disbursed...
read more: http://www.nakedcapitalism.com/2012/04/george-washington-tarp-overseer-debunks-bailout-myths-big-companies-havent-repaid-tarp-funds-and-funds-to-help-homeowners-havent-been-disbursed.html
Debunking Bailout Myths
Apologists for government bailouts push two main myths:
- That all of the bailout funds have been repaid
- That the bailouts helped the average American
But the official government overseer of the Tarp bailout program the special inspector general for TARP, Christy L. Romero has debunked both myths.
Today, Romero wrote the following to Congress:
After 3½ years, the Troubled Asset Relief Program (TARP) continues to be an active and significant part of the Governments response to the financial crisis. It is a widely held misconception that TARP will make a profit. The most recent cost estimate for TARP is a loss of $60 billion. Taxpayers are still owed $118.5 billion (including $14 billion written off or otherwise lost).
And earlier this month, Romero stated that the portion of the Tarp funds which were supposed to help homeowners havent been disbursed...
read more: http://www.nakedcapitalism.com/2012/04/george-washington-tarp-overseer-debunks-bailout-myths-big-companies-havent-repaid-tarp-funds-and-funds-to-help-homeowners-havent-been-disbursed.html
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Erin Burnett owes a big apology to the OWS protestor she mocked.. (Original Post)
girl gone mad
Apr 2012
OP
applegrove
(118,642 posts)1. Occupy was about inequality and government being bought by the rich. Erin Burnett was completely
off the mark with her comment that 'banks had paid the government back so why are you all complaining'. She was wrong then.
Fuddnik
(8,846 posts)4. She's wrong a lot more often than just "then".
Clueless rich birdbrain.
Po_d Mainiac
(4,183 posts)2. erin d'bubblehead needs to wake with the fresh taste of ditch in her mouth
You only need ta watch the first 45 seconds of the vid. Keep a barf bowl handy.
http://sherriequestioningall.blogspot.com/2011/04/erin-barnett-rick-santelli-of-cnbc-and.html
mbperrin
(7,672 posts)3. Good for Romero!
Look for her to be fired soon. The PTB hate to be shown up.