Quotes About TARP

Tea Party people know that I stood against the Wall Street scam from Day One, that I voted against TARP, that I voted against repealing Glass-Steagall Act that kept these guys under some control.

Our earliest evidence of government, in the ruins of Babylon and Egypt, shows nothing but ziggurats and pyramids of wasted taxpayer money, the TARP funds and shovel-ready stimulus programs of their day.

Let's not forget, what TARP did allowed us to move overnight and put capital into hundreds of banks, and that money came back plus $32 billion.

When Obama was inaugurated, he and his team had an insight - though whether the insight was conscious or not I don't know. But it was this: The TARP $700 billion price tag was a new kind of model.

TARP became so politicized that having money from it was almost like a scarlet letter. There were debates over compensation, worry that the rules were going to get changed. All the banks were desperately rushing to get that money back as soon as possible - in part, so they could pay themselves bonuses without any government restrictions.

If you were approaching the TARP investments from a pure investment standpoint, then there's no doubt in my mind the taxpayer lost, and probably lost big.

When you stop and look at so much of the kind of activism that has been triggered, the Tea Party and the like, as a result of Obama's efforts - TARP, the stimulus package, and now the health care reform - there is a lot of sense this government is changing.

She heard the rustle of the tarp beneath him

Unlike most academics, Warren showed a gift for translating financial analysis into stories that ordinary folks could understand. In the intervening years, she had emerged as one of the financial industry's most effective critics, prompting Harry Reid to appoint her as chair of the congressional panel overseeing TARP.

So long as TARP money is wrapped up in GM, the company will never shake its 'Government Motors' image. That label, as competitors and GM employees are keenly aware, is code for one thing: 'GM is a failure.'

Navani!" Dalinar shouted, pulling his horse to a slippery stop across the tarp from her. "I need a miracle!" "Working on it," she shouted back.

When I left the Treasury, there was a poll that showed - and I don't remember the numbers exactly right - something like 90% of the people were against TARP. It prevented a disaster, but you don't get credit for a disaster that people don't see.

People forget... that we structured it so that the government, or the people, would be repaid with a really good rate of return. And as it turns out, that aspect of TARP, that's what happened.

People forget... that we structured it so that the government, or the people, would be repaid with a really good rate of return. And as it turns out, that aspect of TARP, that's what happened.

Shaftoe opens his eyes just as the tarp is being peeled back from the open top of the truck. He stares straight up into a blue Italian sky torn around the edges by the scrabbling branches of desperate trees. "Shit!" he says. "What's wrong, Sarge?" "I just always say that when I wake up," Shaftoe says.

I think TARP was the most defining vote since I've been in Congress. It was wrong. You don't nationalize private - it was wrong. It desensitized people to what $700 billion was, which opened the door for a $900 million stimulus, for Obamacare, for all these things. It was wrong. It broke my heart.

The nine largest banks, which received $125 billion from TARP, were collectively paying dividends of more than $25 billion a year.