Barney Frank is once again receiving Today’s Are You Freakin’ Kidding Me? Award for attempting to take TARP profits and spend those dollars with the distinct possibility that ACORN will be a recipient of even more of your tax dollars.
What is it going to take to stop the Terminator Party that is destroying our economy? WHAT? I got more than one answer, but nobody is gonna want to hear them.
I have learned not to have hot liquids around when watching a Barney Frank vid. When Barneyboy starts talking about a lack of a government regulator to tell AIG that they were over-extended, I have to shout, “Barney, stop acting like you do not know who owns AIG (AIC), and the reasons for their ‘we can do anything we want‘ mentality!”
Barney Frank: Let’s spend TARP profits before taxpayers can get them
In exchange for receiving TARP money, financial institutions were required to hand over shares of preferred stock that paid a dividend for the government. In theory, if a financial institution paid the dividend faithfully, and then repaid the TARP money, then the government would turn a profit. Last month, the General Accountability Office (GAO) reported that, through June 12, 2009, the government had received $6.2 billion in dividend payments. The original TARP legislation required that money made from the program “shall be paid into the general fund of the Treasury for reduction of the public debt.”
Frank, however, wants to spend the money before it can be used to pay down anything. First, the “TARP for Main Street” proposal would take $1 billion “from dividends paid by financial institutions that have received financial assistance provided under…the Emergency Economic Stabilization Act” and apply it to a trust fund that Frank has long wanted to create for low-income rental housing. (The measure, unfunded, was part of last year’s bailout of Fannie Mae and Freddie Mac.) Next, Frank would take $1.5 billion from TARP dividends for a so-called “neighborhood stabilization” fund. Republican critics have charged that both measures might allow federal dollars to be distributed to activist groups like the Association of Community Organizers for Reform Now, or ACORN.
The “TARP for Main Street” bill would also spend $2 billion, apparently from remaining TARP funds, to subsidize people who are delinquent on their mortgages, and another $2 billion to “stabilize multifamily properties that are in default or foreclosure.”
TARP for Main Street Act of 2009
Barney! What good does it do anybody to have a home and no job to pay the mortgage? How about we give that $6.2 Billion back to the taxpayer OR BETTER YET, we give out 0% Loans to small businesses so that they can recapitalize their businesses and create jobs? That way, my boss might actually be able to actually hire the workers he needs to finish his contracts, and return me to full employment hours!
Oh damn, I forgot AGAIN that you really are trying to destroy all businesses in this country. Has anybody told the Democrats that MONEY (TAXES) DOES NOT GROW ON TREES? It comes from businesses who pay taxes and American citizens that pay taxes out of their paychecks from those very same businesses!
Bawny Fwank is an ass. He needs to be taken out of our misery, and quit inflicting more. The district that keeps electing this waste of life needs to be cut out of the union. He is one of the main reasons and has profited greatly in the creation of the mess we are finding ourselves in.
Rush has a parody song of Fwank singing “I am the banking queen” that is hilarious, sung to the tune of “Dancing Queen” by Abba. The singer does a great job of mimicking Fwank…..
“You can have any house your heart desires
It’s for free
I am the banking queen
Every time I hear or see him, I think of Rush’s parody and it makes me feel better (spoon full of sugar type thing)
Barney Frank follows the lead of his master Obama. Obama want’s complete control of all of the American companies large and small. Obama is going to take control of all of the wealth of America and redistribute it to people who do not work or contribute anything of value to American society. They, however have one thing that the POS Obama want’s and he is paying for it with your stolen tax money. These people have a vote and as long as he will guarantee them a free ride they will guarantee him their vote. Obama is a @^$#&*(%(&^%&*%*&*& who should be working in a car wash, not President of the greatest country in the world. Now we have no hope, and soon we won’t have any change either.
I can actually watch Barney without vomiting. I haven’t been able to watch Bambi without tossing my cookies. I have to read transcripts because he makes me so ill.
I just knew Mr. Fwank would save us. We are so lucky to have him!!!! Where was he when this whole mess started…mabee he could of helped prevent it. (Tic)
I swear every dem politician is a spoiled teenager saying “wouldn’t that be cool?” and not realizing that somebody has to be responsible.
I believe, that before “Banking Queen,” Bawney’s real favorite song goes like this….
I feel pretty,
Oh, so pretty,
I feel pretty and witty and bright!
And I pity
Any girl who isn’t me tonight.
You know the rest….
I think Barney’s real theme song is I Want Your Money, but soon enough it will be Back on the Chain Gang!
sparky…you said that Fwank’s master is Obama? You forget that this mess was created when BO was just a twinkle in TPTB’s eyes. BO bows to and is controlled by the same master as Fwank. The banksters rule the cesspool that is D.C.! BO AND Fwank are just the puppets on the ends of the strings! They are the monkeys dancing to the tune the organ grinder selects!