Did Mitt Romney get a big bailout from Tarp?

L. G. Butts, Ph.D. · #1 08-09-2012, 08:46 AM

I heard that the reason that Mitt will not release his tax forms is that he got a big bailout (~100 Mil) from the TARP program and he doesn't want anyone to know about it. Is there any chance this is true?

John Mace · #2 08-09-2012, 09:26 AM

No, his tax returns hold the secret to where Elvis has been hiding out since he faked his death. I thought everyone knew that!

Marley23 · #3 08-09-2012, 09:29 AM

No, there's no chance whatsoever. Is this a joke?

Really Not All That Bright · #4 08-09-2012, 09:43 AM

They didn't bail out people (else my house would be worth twice as much).

pseudotriton ruber ruber · #5 08-09-2012, 09:47 AM

But corporations ARE people!

Really Not All That Bright · #6 08-09-2012, 09:50 AM

Romney's not a corporation. I guess it's an open question whether he qualifies as a natural person.

fumster · #7 08-09-2012, 09:52 AM

nm

Marley23 · #8 08-09-2012, 09:59 AM

Quote:

Originally Posted by Really Not All That Bright

They didn't bail out people (else my house would be worth twice as much).

That's probably the silliest part of this theory, but the competition is tough. We TARP money wasn't paid directly to people, it went to companies that were being hit by the mortgage crisis. And we know which companies got bailout money because that was disclosed to the public. I don't know if Bain Capital held any assets related to subprime mortgages, but I'm guessing not, and I'm pretty sure it didn't get any TARP funding. And even if it had, Romney retired from the company a decade ago.

SpoilerVirgin · #9 08-09-2012, 10:06 AM

The silliest part of the theory is that someone could hide receipt of TARP funds. Here is the list of recipients, which is publicly available.

L. G. Butts, Ph.D. · #10 08-09-2012, 11:16 AM

Thanks, SpoilerVirgin, that is helpful data.

So it looks like he didn't get TARP money, but I think somebody should investigate whether Bain did get a bailout from other sources. I'm not making an accusation, mark you, but we should investigate and dispell these rumors so they don't distract the voters during this important time. Maybe we could put together a posse...

Bricker · #11 08-09-2012, 11:27 AM

Quote:

Originally Posted by L. G. Butts, Ph.D.

Thanks, SpoilerVirgin, that is helpful data.

So it looks like he didn't get TARP money, but I think somebody should investigate whether Bain did get a bailout from other sources. I'm not making an accusation, mark you, but we should investigate and dispell these rumors so they don't distract the voters during this important time. Maybe we could put together a posse...

What other bailout sources are there?

Marley23 · #12 08-09-2012, 11:29 AM

Quote:

Originally Posted by L. G. Butts, Ph.D.

So it looks like he didn't get TARP money

Not "looks like," didn't. There's also no evidence Bain Capital got any money because that's not the business they're in, and Romney left the company in 2002. It looks like you're trying to parody Birthers and you're succeeding too well.

yorick73 · #13 08-09-2012, 11:38 AM

Quote:

Originally Posted by L. G. Butts, Ph.D.

I heard that the reason that Mitt will not release his tax forms is that he got a big bailout (~100 Mil) from the TARP program and he doesn't want anyone to know about it. Is there any chance this is true?

Did you happen to hear that from Harry Reid?

L. G. Butts, Ph.D. · #14 08-09-2012, 11:48 AM

Quote:

Originally Posted by Bricker

What other bailout sources are there?

OK, I agree that there is ZERO evidence that Romney got TARP money, but there is still a question on where all the AIG bailout money went.

Mitt Romney knows all the people involved in the Bailout: James Gorman, Paulson, David Viniar, Blankfein, etc... and there could be evidence that he was involved in structuring the bailout so Bain profited. Again, I am not making an allegation that he was involved in this part of the financial meltdown and those weapons of mass financial destruction known as credit default swaps, but we should investigate to be sure. I can't believe the lamestream media is giving Mitt a pass on this.

L. G. Butts, Ph.D. · #15 08-09-2012, 11:49 AM

Quote:

Originally Posted by yorick73

Did you happen to hear that from Harry Reid?

No, what did Harry Reid say?

Telemark · #16 08-09-2012, 11:55 AM

Quote:

Originally Posted by L. G. Butts, Ph.D.

Again, I am not making an allegation that he was involved in this part of the financial meltdown and those weapons of mass financial destruction known as credit default swaps, but we should investigate to be sure. I can't believe the lamestream media is giving Mitt a pass on this.

Who do you want to investigate this? The media can investigate whatever they want, but official investigations need some sort of evidence or at least probable cause to proceed, and there's nothing here that comes even close to that.

Marley23 · #17 08-09-2012, 11:59 AM

The nice thing about being a registered independent is I don't have to be embarrassed by this. I can focus on being aggravated and depressed, which makes life much easier. If it's not obvious, Telemark, the OP does not believe a word of what he's typing. He's posting like a Birther and thinks this qualifies as a parody rather than a descent to their level.

John Mace · #18 08-09-2012, 01:10 PM

Quote:

Originally Posted by pseudotriton ruber ruber

But corporations ARE people!

Yeah, but people aren't corporations, so there!

Buck Godot · #19 08-09-2012, 01:25 PM

Am I the only one here hearing a big wooshing sound in this thread

Quote:

Originally Posted by L. G. Butts, Ph.D.

So it looks like he didn't get TARP money, but I think somebody should investigate whether Bain did get a bailout from other sources. I'm not making an accusation, mark you, but we should investigate and dispell these rumors so they don't distract the voters during this important time. Maybe we could put together a posse...

Compare to Obama's Birth certificate

Quote:

Originally Posted by L. G. Butts, Ph.D.

OK, I agree that there is ZERO evidence that Romney got TARP money, but there is still a question on where all the AIG bailout money went.

Mitt Romney knows all the people involved in the Bailout: James Gorman, Paulson, David Viniar, Blankfein, etc... and there could be evidence that he was involved in structuring the bailout so Bain profited. Again, I am not making an allegation that he was involved in this part of the financial meltdown and those weapons of mass financial destruction known as credit default swaps, but we should investigate to be sure. I can't believe the lamestream media is giving Mitt a pass on this.

Compare to Bill Ayers.

Gorsnak · #20 08-09-2012, 01:26 PM

Quote:

Originally Posted by John Mace

Yeah, but people aren't corporations, so there!

Identity is a commutative property. Sheesh, don't they teach formal logic anymore?

Gorsnak · #21 08-09-2012, 01:31 PM

See, sometimes it does matter what the meaning of 'is' is.

Fear Itself · #22 08-09-2012, 01:31 PM

Perhaps this is a conflation with the huge federal bailout that he depended on when he "saved" the 2002 Winter Olympics in Salt Lake City:

Quote:

"Without question, we simply could not host Games in Salt Lake if it were not for the enormous spending and services of the federal government," Romney had said in a 2001 testimony before the Senate Judiciary Committee during a hearing around cooperation between federal, state, local and private agencies for the Salt Lake City Olympics.

"When I came to the Games two years ago, following the revelations of bid impropriety, there was nothing which caused greater anxiety than whether or not we could count on this critical federal support," he said, before thanking both the Clinton and Bush administrations for being involved with his committee's planning efforts "every step of the way."