Bernie: I Voted FOR the Auto Industry Bailout

[Cheese Sandwich]

Click: https://www.youtube.com/watch?&v=23hPYmORDxA

[longship]

1. Way to go, Bernie! Way to go, Kazoo! nt

[Buzz Clik]

3. Yeah, baby! Obsfuscation is the career politician's best friend.

[Buzz Clik]

2. He is not being totally truthful.

The $82 billion that helped finance the bankruptcy of General Motors, Chrysler, their finance subsidiaries -- GMAC and Chrysler Financial -- and a handful of large suppliers were part of a much larger Troubled Asset Relief Program (TARP) that covered more than $700 billion that went to bailout the largest banks, and AIG, the insurance giant that has issued credit default swaps that came due when the banks could not cover their losses on mortgage-backed securities.

In short, a Senator or congressman could not vote to rescue GM and Chrysler without voting to provide the money to keep the nation's largest investment banks from failing.

Sen. Clinton voted yes. Sen. Sanders voted no.

http://www.freep.com/story/money/cars/general-motors/2016/03/06/explaining-hillary-clintons-bernie-sanders-votes-auto-bailout/81419564/

[StandingInLeftField]

4. Truth just gets in the way

of Camp Weathervane.

[Buzz Clik]

6. Bernie was obfuscating. See post #2.

[cureautismnow]

9. She was the One Not Telling the Whole GD Truth

Leahy, Sanders reluctantly support auto industry rescue
12/11/08 5:50PM By Bob Kinzel

(Host) Vermont's two U.S. Senators, Patrick Leahy and Bernie Sanders, say they're reluctantly supporting a $15 billion rescue package for the nation's auto industry.
Both senators say that allowing Ford, General Motors or Chrylser to fall into bankruptcy could affect a lot of auto related jobs in Vermont.

http://www.vpr.net/news_detail/83206/leahy-sanders-reluctantly-support-auto-industry-re/

He did vote to bail out just the auto-makers, but the Repukes blocked it.

[ogsball]

5. TARP Saved the World

I know we were angry at Wall Street. But you can't let the banking system fail especially the US Banking system. The Bail Out was necessary for the Auto Industry and for the Banks.

The crime was that there was no relief for those who lost home during that period.

[cureautismnow]

8. Were Executive Bonuses with TARP Money "Necessary"?

"Citigroup, one of the biggest recipients of government bailout money, gave employees $5.33 billion in bonuses for 2008, New York's attorney general said Thursday in a report detailing the payouts by nine big banks.

The report from Attorney General Andrew Cuomo's office focused on 2008 bonuses paid to the initial nine banks that received loans under the government's Troubled Asset Relief Program last fall. Cuomo has joined other government officials in criticizing the banks for paying out big bonuses while accepting taxpayer money.

Citigroup, which is now one-third owned by the government as a result of the bailout, gave 738 of its employees bonuses of at least $1 million, even after it lost $18.7 billion during the year, Cuomo's office said."

http://abcnews.go.com/Business/story?id=8214818&page=1

[Jefferson23]

7. Hillary claims many things that are false, especially her reason for not releasing her

transcripts from WS.

Why she believes she can play the victim that is being singled out is damn funny.

[Plucketeer]

10. There's a reason besides

"no one else is doing it" (releasing transcripts)?

As Bernie has suggested, they must've been some damn fine speeches to garner the sorts of recompense that they did. Geez - I could think of a whole long LIST of folks - folks with intellect and influence - who'd have been tickled to have addressed those bankers for a HECK of alot less!
But a dissertation so mesmerizing - so captivating - as to garner a VOLUNTARY 6-figure reward!!! Wow! Ya just can't help but wonder what it was she shared with them.

[Jefferson23]

11. Protection, for the most part. n/t