Actual application banks use to request federal bailout money. Absolute bulls**t!!

[3peet]

www.sba.gov/idc/groups/public/documents/sba_homepage/guideline_tarp_capitalpurchase.pdf


Has anyone seen this?? The application is only 2 pages long. If you don't believe me, see for yourself. Google "Tarp Application" and it'll be the 1st result. Wanna know the contents of the application? The 1st page consists of general information.

• Name Title
• Contact phone number
• Address
• Name of Instituion.

The 2nd page consists of

• Type of institution
• Reason for loan
• Amount requested
• Commentary of penalties (pretty much where you divulge the red flags about your company)
• A fucking signature line and date for the CEO to provide. And if the CEO isn't available?? Then then you can provide an authorized signature.

I shit you guys not!! Can you believe this??? Hell, why don't we all open our own banks, credit unions, or holding company????!!!! Its a only a two fucking page application!

Those of us who've applied for our carloans and mortgages, or even job application or rental applications know there are much more commited and invested information required.

Atleast for the auto makers, congress wanted atleast a sound business plan to pay back about $25-$50 million or so. But for banks to ask for money? Fill out this fucking 2-page, homemade Microsoft Word document

What a fucking joke!:fckmad:

 

[Risk44]

Here is how they Calculated it..
<object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/Bfq5kju627c&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/Bfq5kju627c&hl=en&fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object>

 

[nimue77]

Obama and Biden both voted for this bullshit. Need I say more?

 

[rolltide]

 

[3peet]

Obama and Biden both voted for this bullshit. Need I say more?

They weren't the only ones who voted on it moron. You act as if they wrote it.

 

[tiznow]

They weren't the only ones who voted on it moron. You act as if they wrote it.

their allies barney, reid, and nancy did

obama=same ol shite with a fresh face shouting hope and change alot

he's definitely got his hands full keeping the masses calm......

i love the form.....i know its fake but...funny

"EZ-CASH" :nohead:

two more companies became commericial banks today and got some TARP money

american express and CIT group

 

[Jabow]

And you guys after looking at that thinks its a legit form for the bailout, lol, oh I forgot you guys do put your tooth under the pillow for the Fruit fairy, and leave cookies for santa Claus, come on guys thats as fake as ever, and Im referring to post number 4.

 

[tiznow]

the 3peet one is the official form

here's one americans for tax reform filled out and sent in something tells me they not gonna get any money

http://www.atr.org/content/pdf/2008/nov/111708ot-TARP_Application.pdf

 

[brucefan]

maybe people will wake up,..... maybe not



Texas Straight Talk

A weekly column
<!-- BLOG INCLUDE -->The Bailout Surge


This week the bailout of the Big Three automakers was under heavy consideration in Congress’s lame duck session. I have always opposed government bailouts of private organizations. Back in 1979 Congress had hearings about bailing out Chrysler and I was on record pointing out that these types of policies are foolish and very damaging to the long term economic health of our country. They still are.
There was also renewed pressure this week to bailout homeowners and send another round of stimulus checks to “Main Street” to balance out all the handouts to big business. It seems that eventually the entire economy is going to be blanketed over with Federal Reserve notes. Most in Washington are completely oblivious as to why this model of money creation and spending is so dangerous.
We must remember that governments do not produce anything. Their only resources come from producers in the economy through such means as inflation and taxation. The government has an obligation to be good stewards of these resources. In bailing out failing companies, they are confiscating money from productive members of the economy and giving it to failing ones. By sustaining companies with obsolete or unsustainable business models, the government prevents their resources from being liquidated and made available to other companies that can put them to better, more productive use. An essential element of a healthy free market, is that both success and failure must be permitted to happen when they are earned. But instead with a bailout, the rewards are reversed – the proceeds from successful entities are given to failing ones. How this is supposed to be good for our economy is beyond me.
With each bailout we hear rhetoric that this is the mother of all bailouts. This will fix the problem once and for all, and that this is absolutely necessary to avert disaster. This sense of panic squeezes astonishing amounts of dollars out of reluctant but hopeful legislators, who hate the position they are being put in, but are relieved that it will be the last time. It is never the last time, and again and again we are faced with the same scenarios and the same fears. We are already in the bailout business for such a staggering amount that admitting it was wrong in the first place would be too embarrassing. So the commitment to this course of action is only irrationally escalated, in the hopes that somehow, someway eventually it will work and those in power won’t have to admit they were wrong.
It won’t work. It can’t work. We need to cut our losses and get back on course. There is too much at stake for too many people to continue down this road. The bailouts thus far to AIG, Bear Stearns, Fannie and Freddie, and TARP funds amount to around $1.5 trillion. Considering our GDP is $14 trillion, and our Federal budget is already $3 trillion, this additional amount will significantly eat into our future lifestyles. That amounts to an extra $5,000 that every person in the country needs to somehow produce just to keep up. It is obvious to most Americans that we need to reject corporate cronyism, and allow the natural regulations and incentives of the free market to pick the winners and losers in our economy, not the whims of bureaucrats and politicians.

Posted by Ron Paul (11-24-2008, 11:46 AM) filed under Monetary Policy

 

[nimue77]

They weren't the only ones who voted on it moron. You act as if they wrote it.

Did I say they were the only ones who voted for it?

I hate Republicans as much as the next guy. Fuck Mccain, Fuck Bush, Fuck the Republican and Democratic parties. Happy?

Pointed out they voted for it because you are constantly cheerleading
for Obama like he is the greatest thing since sliced bread....moron!

 

[rolltide]

And you guys after looking at that thinks its a legit form for the bailout, lol, oh I forgot you guys do put your tooth under the pillow for the Fruit fairy, and leave cookies for santa Claus, come on guys thats as fake as ever, and Im referring to post number 4.

holy shit, how could you possibly think I posted that application as representing a real one? it's fn called form EZ CASH

:lol::lol:

and I thought 3peet, punter, and gtc were imbeciles...

kidding boys and Merry Christmas

 

[3peet]

Did I say they were the only ones who voted for it?

I hate Republicans as much as the next guy. Fuck Mccain, Fuck Bush, Fuck the Republican and Democratic parties. Happy?

Pointed out they voted for it because you are constantly cheerleading
for Obama like he is the greatest thing since sliced bread....moron!

Where in this thread did I praise Obama for this application? It was rant about the procedure itself. Take the dick outta your mouth first before you speak.

 

[C.P.]

not sure if this has been posted, but I found this disturbing...

http://news.yahoo.com/s/ap/meltdown_secrets...:sad3:

 

[tkf18ny]

Did I say they were the only ones who voted for it?

I hate Republicans as much as the next guy. Fuck Mccain, Fuck Bush, Fuck the Republican and Democratic parties. Happy?

Pointed out they voted for it because you are constantly cheerleading
for Obama like he is the greatest thing since sliced bread....moron!

well said
the majority of this country is a bunch of god damn lemming who deserve whats coming to them