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dmagicglock

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Posts posted by dmagicglock

  1. http://www.thedeal.com/dealscape/2009/07/franks_tarp_for_main_street.php

    interview with barney on CNN on June 12th

    http://money.cnn.com/video/news/2009/06/12/news.barney.franktarp.cnnmoney/

    He mentions some of the dividends are used for "repayment" or "other purposes"

    The actual legislation itself from the library of congress

    http://thomas.loc.gov/cgi-bin/query/z?c111:H.R.+3068:

    Mark Calabria's testimony before house committee about repayment of Tarp funds and the ridiculous cost to the tax payers

    http://www.cato.org/testimony/ct-mac-20090709-1.html

  2. I need some additional information as the article listed is very biased, so find an equivalent argument from the other side.

    Though, I don't think it bodes well for fiscal responsibility to spend more, unless spending more now will save us from spending MUCH more later.

    J you're killin me man, where in this article is it bias? everything in this article is objective, i'll see what I can do to find another link to a story on this, I dunno if CNN or MSNBC report on stuff like this?

  3. okay so this story is just making its way to the main stream, but here's a link to an article from July 1st.

    http://www.washingtonexaminer.com/opinion/blogs/beltway-confidential/Barney-Frank--49649362.html

    Basically, barney introduced legislation the other day to take interest already earned from the Tarp funds and instead of repaying it to the taxpayers as ORIGINALLY described in the stimulus plan, he now wants to use those profits to fund special interests. Here's a snipet of the article.

    "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."

    This has really got me worked up... I'm so sick of barney frank, I pray that he doesn't get re-elected, and I hope this legislation never passes. Let's be honest, we're never getting that Tarp money back, and these socialists will continue to do everything they can to redistribute wealth. I think I just threw up in my mouth, blah

  4. Im surprised that so many people care about the "rights" of people killing our fellow Americans and cutting their heads off on TV. Apparently not many of you have been over to either country and have seen what is going on over there. The "news" is not going to tell you. It takes a bit more than a conversation with someone to get them to talk. Sometimes things need to be done that people dont wanna hear about. Personally, i think we should do more to the terrorists. They live better than I do in some instances and I am the one fighting for our country. How does that work? Oh ya, because people care more about the "rights" of the enemy than the protection of our own troops protecting OUR rights!

    amen brother,

    here's another link to the story previously mentioned by the OP.

    I know I know its from fox news, and when I'm not clinging to my guns and religion, I occasionally check their website along with many others... anyways, it TURNS OUT the secret program was to get rid of al qaeda, WEIRD!?

    How dare that evil cheney come up with such a devious plan and keep it secret, argh!

    http://www.foxnews.com/politics/2009/07/13/cia-secret-al-qaeda-plan/

  5. I'm gonna play devil's advocate on this one. I really never cared about "terrorists rights" but I definitely didn't care when they started beheading American's (google daniel pearl if you forgot) and then letting Al Jazeera air the tapes.

    This was probably kept secret because the nancy pelosi's of the world are too worried about terrorists rights... I mean they have Al Jazeera on dish t.v. in Gitmo afterall. Sometimes if you wanna get things done, ya gotta do it quietly.

  6. "USAGE Affect and effect are both verbs and nouns, but only effect is common as a noun, usually meaning 'a result, consequence, impression, etc.': : my father’s warnings had no effect on my adventurousness. The noun affect is restricted almost entirely to psychology (see affect 2 ). As verbs, they are used differently. Affect most commonly means 'produce an effect on, influence': : smoking during pregnancy can affect the baby's development. Affect also means 'pretend to have or feel (something)' (see affect 3 ): : she affected a concern for those who had lost their jobs. Effect means 'bring about': : the negotiators effected an agreement despite many difficulties."

    -Mac Dictionary

  7. i think he's an idiot for trying to cash in on their fame with his endless interviews and trying to set up his own book deal and movie? everyone wants to extend their 15 secs of fame. As far as that pic? I found that on the web from articles as far back as March. She just had a baby? so if thats as chubby as she looks after having a baby, not bad!

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