Attention Primates:
I'm currently working on the WSO Guide to Understanding TARP, and I've come to the audience participation portion of our program. So that I can make the guide more useful to you, I want to assemble a list of the questions you have about the Troubled Assets Relief Program.
You can either post your questions in the comments section or PM me with them. Just to set the record straight: this is a factual guide based upon the actual legislation and execution of TARP. Unlike your Congressmen and Senators in DC, I've actually read the whole thing. The guide has been extensively researched and is not an opinion piece. So if you ask me whether or not I think Paulson cuts a dashing figure in a bright red power tie, it probably won't make it into the guide.
Hit me with your best shot. You'll be recognized in the guide by your screen name unless you tell me you want your question to be anonymous. Either is fine with me. We're just looking for the questions you have about the program.
After reading the guide, you will be well-versed in the intricacies of TARP and will be able to discuss/debate them from a position of authority, something that will no doubt guarantee your success with the opposite sex.
And remember: there are no stupid questions; only stupid people.
That is all.
Uncle Eddie
i thought that the preferred stock the govt would get would be nonvoting of course and the warrants to common stock would also be nonvoting.
now there is talk of the govt being able to convert any preferred directly into voting common stock to gain control if necessary.
was this a special deal with CITI/aig/fnm/seized companies only or is it possible of any of the preferred stock they hold.
maybe just go into detail of what the government gets, etc. voting vs nonvoting is difference of nationalization i guess.
also, is there any data of what the banks are doing with the money? it seems they are just hoarding the money for a rainy day (even while it's pouring). i heard something like only 30 billion in new loans from the first 350 given out. that wouldnt help the economy too much.
How did the banks spend all that money that magically disappeared when BofA bought ML? Will the banks give up their private jets they flew on to get to DC? Won't the Government realize that the same bankers that they are taking an issue against are the same guys that, up until August 2007, were making them extremely high returns on their investments and had no problem with this until they lost serious amounts of cash? ::Reads what is written then blinks:: Hehehe... yeah a bit sarcastic, but I do have a serious question.
Edmundo, since you've read the entire TARP package, how much relief is actually being passed along to the taxpayer in the form of actual rebates, direct stimulus and tax cuts to help those that were not involved in causing this mess in the first place, and as a follow up, as it stands, what major issues within the TARP plan will cause changes to both the tax code and bankruptcy laws?
Sorry if this doesn't directly relate to your question, but an appendix covering how TARP differs from the approach of other countries could be quite useful. While it's easy to say TARP is good/bad/disgusting, an overview of other approaches would make for more constructive arguments.
And that would mean a guaranteed slay anywhere in the world.
I'm all for guaranteed slayings.
However, if I hope to slay more than once or twice myself in the next month, I might have to forgo a comprehensive examination of foreign TARP plans. Believe me, this monster is big enough by itself.
But it's a good suggestion, GoodBread, and I will do my best to work it in where it fits.
No worries, I'm interviewing in London this weekend, trying to escape my TARPed bank. Hopefully these Brits will pull off this nationalization thing right (is that even possible?).
Out of the proverbial frying pan and into the fire. Good luck with that.
Front row seat for 2012 baby.
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