"The Treasury Department and the Federal Reserve lied to the American public last fall when they said that the first nine banks to receive government bailout funds were healthy". " SIGTARP report (ABC News)

nursinglink.monster.com/news/articles/8994-they-lied-government-watchdog-says-treasury-and-fed-knew-bailed-out-banks-were-not-healthy

Appears Mr. Obama and Company made decisions to further the TARP bailout on false information supplied to them by the outgoing administration!!!

Oh but of course that is Obama's fault that the US was led by a pack of liars for 8 years. Right?

This was addressed to those who are squawking about Obama lying about these TARP bailouts helping to ease credit for everybody including businesses. businesses get the oprating funds they need and hire people. No money - no jobs.

Obama and company based their projections on false info supplied to virtually everybody incuding relevant goverment agencies. Try pointing that out here and pinheads blast back that it's Obama and does no good to blame Bush. But it is clear that the fault lies directly in the lap of Bush, Paulson and Bernanke. Congress approved funding based on this pack of lies.

And yes, it makes me feel somewhat better. Although trying to teach the deaf and blind when they even ignore hand signals is depressing. After all, these are the voters! Of limited intelligence and closed minds.

So for sure let's keep up the Hate Obama talk. People here whine about a trip of a few days overseas while decisions need to be made but ignore a trillion dollar setup. Typical.

I sincerely pray that someone steps up to the plate to run as a candidate from a 3rd and even 4th party. I'm not stupid. I know that no matter who runs the big money will be paying them off ahead of time and it will be more of the same. But since another unproven party would have no record to run with hopefully the "contributions" will be less and so will the "obligations".

I say "Eat The Rich".

And NO, not Ron Paul. He is a better idea for Republicans but his leanings are toward the right. What would you expect from a doctor anyway? Maybe Kinky Friedman will run.

or maybe its Arizona anyways its the guy who makes the inmates wear stripes and pink underwear.  he is just too cool!!!

Fannie Mae and Freddie Mac are the biggest players in the mortgage game but far from the only players. The subprime fiasco started outside that realm as did credit default swaps that are the largest source of the financial system collapse.

Yes I'm sure they did lean on them because everybody wanted a house when times were good and Freddie Mac and Company were still playing by the rules they should have played by. When they caved and began playing like Wells Fargo and Bank of America and the rest of the money wizards (ha) it simply speeded up the crash. But they did not start either practice. That has been attributed to the largest banks who who sold it to investment firms and brokerage houses. Countrywide was the largest of the private mortgage brokers to lead the way on this mess. Nobody from that company has been hauled into court and never will be.

The focus of what I posted was the outright lying by the prior administration to Congress to convince them it was not only needed but safe to loan these banks bailout funds.

As for Frank and Dodd and the rest - all of them in Washington are slimy and play by the same rules regardless of party affiliation. I said that before and I'll say it again so everybody knows they all get my loathing.

Believe me when I say they all are subjects of my scorn and this didn't just start with me. It started during Viet Nam and has never slacked off for me.

I have said on here before that I wish I knew where all my friends from the 70's are now so I could tell them "See? I told you so about Social Security and Medicare!"

They thought I was nuts and said it couldn't, and wouldn't, ever happen. Nuts!

I say "Or else". To hell with Iraq and Afghanistan.

Bombers? Those are manned. I say crank up the factories making the unmanned drones and the armament on them. Then open a new control center in Nevada next to the one we operate there now and remote kill them all and let God sort 'em out. If they shoot down a drone don't even retrieve it, just send in more where that one went down and make hell happen there for a while. No more US soldiers' blood in these God forsaken places.

There are liars on both sides, everyone knew about Fannie Mae and Freddy Mac, they were forced to give loans to people who could not pay them back, which dug a deeper hole than what they were in.  The car companies were failing and covered it up, there were a lot of cover ups, but you can't go back.  Obama promised to help them and he said that he would turn the economy around, car companies are failing right and left so there was a waste a money... Cash for clunkers went broke in 12 hours, they gave loans once again to people who couldn't afford to pay for them.  I feel the fault lies with who is printing the money with NO backing and giving money that our country does not have.

To say EAT THE RICH, is absolutely absurd.  The rich is what stimulates the economy and gives jobs, charities and so forth.  They are taxed the most.  When you look at the whole picture, its the rich people who make the "world go 'round"  I don't know why that is so hard to understand, let alone the redundancy in these forums.  Everyone feels the way they do, I am looking for a solution.

People are people and we are born corrupt, now ponder on that??????  So who can we trust.  

Look in the sky, he is watching YOU

I never said that I hated Obama, I dislike the fact that he has hired Czars (crooks) that are publically known criminal to run our country.  He has allowed them to make decisions that Obama himself should be making.  He has No thoughts or independent thinking.  The reason for him being elected was on EXTREMELY false pretenses.

Rich- Their tax shelters have been taxed, They pay over 75% of the US taxes for the total economy.  They have to move their stuff to different countries due to people boycotting, "air pollution, green crap" whatever. 

The question is:  Has a poor person ever given you a job?  When your investments are interrupted, you need to cut, if they loose money, we loose money. 

To just be a COMMUNITY ORGANIZER, not being honest, hiding birth certificates, Aliases and such are the reason why people do not like him.  It is funny how the pres himself says that its race???? Maybe he is racist.  I just want truth, justice and go back to our AMERICAN way.  The society we are under now is not good.  This as I stated before has been on ongoing process (years back) after Reaganomics. 

Obama is sweeping everything through under the rug and then letting the American people know.  Its disgusting how he said everyone should cut back but Michelle and he continue to spend OUR tax paying dollars to trip EVERY weekend and exploit American money.  He has cut down our nation in front of other countries dignitaries to the extent they can't stand him.  He has given back the bust of Winston Churchill, given speeches to dignitaries to toot his own horn.  Made promises he cannot keep.  Which that is almost every politician.  He is printing money with no backing, getting us in debt with bogus bailouts, that his Czars help him plan.  I do not think he was ready for this position, but it was prophesized.  He cannot correct the war, which was not by Bush, he cannot stop the aliens from invading our country, he doesn't care, Obama is Muslim himself.  It is all about "narcassism" and that is what is hurting us. 

Do you like to work for taxes?  I don't want to be like Australia and hand over 50% of hard earned money to the Govt.  I do not want to have what everyone else has, if I have the money and I want something I should be able to buy it.  I do not want to be forced to get injections that I never had before.  I do not want to have health care and go to a crappy doctor, and you know there are a bunch of them out there.  I am thankful to live in a free country and all you liberals want to do is take away my "native" right. 

As a liberatarian, we are just not for big govt, the end all to be all.  They are all Idiots!!! We need to go back to states rights, like back in the day.  That means, Brown, you would be under REPUBLICAN rule as you are in TEXAS.  We should seceed.  We are well to do on our own. 

Obama has put out his facts, he can read off a telepromter.  I would just like to know where he is from?  KENYA and what religion he is? Muslim and for him not to project or cast aspersions on the American people because he thinks he knows what is best.  He cannot handle his own personal life.  Its all  about image to him, not you or I

Well Kelly, being that you are a genius for war.  We are over there to help the Israeli's, this is all over religion.  I think that Obama cannot get the troops out their work is not done, will it ever be?  Doubt it.  We are here to protect God's chosen people and only unchristian people do not realize why their is war, and here's another redundant conversation. 

You said nothing of substance, and for a left-winger that is par for the course.  You truly have no idea how or why things work and its truly ashame. 

MrBrown says ...

And NO, not Ron Paul. He is a better idea for Republicans but his leanings are toward the right. What would you expect from a doctor anyway? Maybe Kinky Friedman will run.

Kinky Friedman, now there was a character. I forgot all about him until this mention.

I do not like Obama, but I didn't like Bush either. I think they all lie when it suits their needs. I just do not think that the government should be so much in our lives.  We are taxed so much now and a lot of the taxes go for pork in both democratic and republican districts. No one party has a monopoly on tax increases. Back to the topic of this forum. Yes the government lied and what is going to stop the government from another lie about the national healthcare or anything else they propose. Truth in Government is an oxymoron and everyone should know that by now.

Kinky is going to run for governor of Texas again. And I'll vote for him again. We are getting pretty tired of all these super rich folks running things. They say they understand the working people. All they understand is wanting to make you keep being working people. At least we don't have a state income tax in Texas - yet.

Kinky wants to legalize weed, believes in spread the wealth and Robin Hood plan, no child left behind.  Its ALL crap!!!  He is not indignent to the rich, he must be if he keeps investing in on what he keeps loosing.  You have to have a lot of money to run for the State Gov. in Texas so tell me the ironicy there?