President Obama will not accept repayment of tarp money.

[joevol320]

Barack Obama Maintains Control Over Banks By Refusing to Accept Repayment of TARP Money - WSJ.com

socialism at it's finest. 'the muslim' will have America on it's knees in 4 years. so pathetic.

[KB5252]

What is this administrations reasoning for not accepting repayment of the money? It seems to me that Obama should welcome the repayment to the American taxpayer. This is what scares the hell out of me about Obama, this looks like a total power grab, what's next?

I would love to hear the thoughts of Obama supporters on this matter.

[joevol320]

what's funny, is that he bashes these banks for wasting taxpayers money, but he doesn't accept repayment of the tax payers money. you dems that voted for this moron, i've got to be really proud of his power grab.

[hndog609]

Originally Posted by joevol320

what's funny, is that he bashes these banks for wasting taxpayers money, but he doesn't accept repayment of the tax payers money. you dems that voted for this moron, i've got to be really proud of his power grab.

I would have to agree. It's extremely damning of Obama to proclaim it's the debt to the taxpayers that gives the govt the "right" to exert influence into the private sector but then refuse having the taxpayers get their money back. You don't even have to look past any facade or double-speak on that one.

[allvol123]

Originally Posted by KB5252

What is this administrations reasoning for not accepting repayment of the money? It seems to me that Obama should welcome the repayment to the American taxpayer. This is what scares the hell out of me about Obama, this looks like a total power grab, what's next?

I would love to hear the thoughts of Obama supporters on this matter.

I'd advise not holding your breath.

[Vol Mania 21]

don't you realize he knows the Constitution?

[rjd970]

For now, I'm calling BS on this. This really is an example of a pathetically shameful article. With about 10 seconds of research, I found the original story (blog really, not even a story) by Napolitano on foxnews from 2008:

Our Government Engaged In EXTORTION With Our Banks! FOX Forum FOXNews.com

I would consider two things first. One, the link in the OP starts out by saying that money is being paid back, and the government is accepting. Second, the genesis of all this is from the said link above, written in Sept. 2008 about the Bush administration threatening an audit of the banks, then the WSJ (another Murdoch holding) picks it up, and runs with it with a negative Obama spin. Just another example of Obama being the scapegoat for the failures of the previous administration.

Furthermore, it is utterly ridiculous to write an article in the WSJ and refuse to cite names and details (you know, the important things) because of "retaliation". You can bet your bottom dollar if they actually did have names and details it would be front page material, and not an obscure article with no substantiation anywhere else that I can find on the net.

You guys seem to enjoy finding any kind of slander you can about Obama and using it as an excuse to get riled up. Whatever...carry on.

[volinbham]

I do have concerns that the BO administration does want to exercise too much control in the private sector but like RJD, I'd like to see confirmation that the administration is discouraging return of TARP money before I believe this story.

[KB5252]

Originally Posted by volinbham

I do have concerns that the BO administration does want to exercise too much control in the private sector but like RJD, I'd like to see confirmation that the administration is discouraging return of TARP money before I believe this story.

I didn't read the article all the way through, so it appears Obama is not refusing repayment? I just couldn't figure out what the reasoning for nat taking the repayment could be. Let's hope this is untrue.

[rjd970]

Originally Posted by volinbham

I do have concerns that the BO administration does want to exercise too much control in the private sector but like RJD, I'd like to see confirmation that the administration is discouraging return of TARP money before I believe this story.

Exactly. I feel the same way, and have similar concerns about the administration. But allegations of this sort requre at least the minimal confirmation in order to be taken seriously.

[rjd970]

Originally Posted by KB5252

I didn't read the article all the way through, so it appears Obama is not refusing repayment? I just couldn't figure out what the reasoning for nat taking the repayment could be. Let's hope this is untrue.

From the second sentence of the article:

Some $340 million in TARP cash flowed back this week from four small banks in Louisiana, New York, Indiana and California.

The article is written in a very deceitful manner. It is written like everything is fact, but none of it is backed with any evidence or credibility. I don't really care, if the people want to take and run as an excuse to get riled up about Obama, more power to them.

I do agree, let's hope it is untrue.

[joevol320]

Originally Posted by rjd970

For now, I'm calling BS on this. This really is an example of a pathetically shameful article. With about 10 seconds of research, I found the original story (blog really, not even a story) by Napolitano on foxnews from 2008:

Our Government Engaged In EXTORTION With Our Banks! FOX Forum FOXNews.com

I would consider two things first. One, the link in the OP starts out by saying that money is being paid back, and the government is accepting. Second, the genesis of all this is from the said link above, written in Sept. 2008 about the Bush administration threatening an audit of the banks, then the WSJ (another Murdoch holding) picks it up, and runs with it with a negative Obama spin. Just another example of Obama being the scapegoat for the failures of the previous administration.

Furthermore, it is utterly ridiculous to write an article in the WSJ and refuse to cite names and details (you know, the important things) because of "retaliation". You can bet your bottom dollar if they actually did have names and details it would be front page material, and not an obscure article with no substantiation anywhere else that I can find on the net.

You guys seem to enjoy finding any kind of slander you can about Obama and using it as an excuse to get riled up. Whatever...carry on.

i would say he doesn't want the ceo or executives to get into any more trouble. your boy geitner said that more ceo's need to be fired, so i don't blame him for not naming names. since this bank is one of the bigger banks, it would make sense for hussein to control them.

it just sounds to me like you're gonna defend 'the muslim' on anything he does.

[vols4sure]

Originally Posted by KB5252

I didn't read the article all the way through, so it appears Obama is not refusing repayment? I just couldn't figure out what the reasoning for nat taking the repayment could be. Let's hope this is untrue.

Supposedly, he is refusing payment from a larger bank but a couple of smaller banks have paid back some of the tarp money. Like rjd is criticizing, there is nothing to back up the author's assertion that Obama is refusing the larger bank from paying back the money. However, I don't criticize the author (in an editorial) using unnamed sources. Will be interesting to see if it turns out to be true.

[thunder5]

Originally Posted by joevol320

Barack Obama Maintains Control Over Banks By Refusing to Accept Repayment of TARP Money - WSJ.com

socialism at it's finest. 'the muslim' will have America on it's knees in 4 years. so pathetic.

Are you serious?

Is this honestly what comes to mind when you think of President Obama?

I can't even begin to fathom the level of ignorance it takes for someone's mind to go there...

Talk about pure, unadulterated, unabashed, 'good ol' boy' bigotry at it's finest...

You're living, breathing proof that the right to vote should come with a minimum IQ requirement

[joevol320]

Originally Posted by blamie

Are you serious?

Is this honestly what comes to mind when you think of President Obama?

I can't even begin to fathom the level of ignorance it takes for someone's mind to go there...

Talk about pure, unadulterated, unabashed, 'good ol' boy' bigotry at it's finest...

You're living, breathing proof that the right to vote should come with a minimum IQ requirement

oh you're calling me a bigot because i think he's destroying America?

pull you head out and stop drinking the coolaid sheep boy. you have no clue do man.