tag:blogger.com,1999:blog-5880610.post4523764405773831855..comments2024-01-13T18:57:18.243-05:00Comments on Information Processing: US to nearly break even on TARP?Steve Hsuhttp://www.blogger.com/profile/02428333897272913660noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-5880610.post-4590852634399512282010-10-03T00:09:45.257-04:002010-10-03T00:09:45.257-04:00"The main costs from TARP will come from bail..."The main costs from TARP will come from bailing out the auto companies and insurer AIG, not banks." <br /><br />Money going to AIG can't be cleanly separated from money going to banks, e.g. Goldman Sachs got money that it would not otherwise have received because of the bailout. <br /><br />Somehow this recent article comes to mind, although it's only tangentially relevant: <brEric Fossnoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-63628326145358941812010-10-02T22:15:15.147-04:002010-10-02T22:15:15.147-04:00Not a surprise. Bernanke said it could happen in ...Not a surprise. Bernanke said it could happen in his testimony at the time. That said, lots of money lost in other places: Fannie and Freddie, possibly the Fed through buying mortgages, etc.David Backusnoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-45579633253283006452010-10-01T00:08:52.914-04:002010-10-01T00:08:52.914-04:00Oh alright, I'll stop. I guess I'll just u...Oh alright, I'll stop. I guess I'll just uh bash him on another blog.Yan Shennoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-50455911027168975502010-09-30T23:57:02.243-04:002010-09-30T23:57:02.243-04:00Or is it overdue? :)Or is it overdue? :)ABCDnoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-88400415742288948662010-09-30T23:56:11.708-04:002010-09-30T23:56:11.708-04:00Thank you! I think this was long due.Thank you! I think this was long due.ABCDnoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-47206169598530820262010-09-30T23:44:29.681-04:002010-09-30T23:44:29.681-04:00Sailer tends to focus too much on this point, but ...Sailer tends to focus too much on this point, but it is true that Fannie and Freddie bear a significant amount of the blame for the credit crisis, and much of the political support for those agencies came from racial politics. There is actually an HBD aspect to the credit crisis; I just don't think it's the dominant one.<br /><br />BTW, if you have a problem with Steve Sailer please take steve hsuhttp://duende.uoregon.edu/noreply@blogger.comtag:blogger.com,1999:blog-5880610.post-2951404217965701492010-09-30T22:48:49.328-04:002010-09-30T22:48:49.328-04:00What? No mention of how blacks and Hispanics defau...What? No mention of how blacks and Hispanics defaulted on their subprime loans at disproportionate rates? Oh wait, I can get all of that from reading Steve Sailer's blog.Yan Shennoreply@blogger.com