# The Federal Government is not Giving Money Away

**URL:** <https://boards.straightdope.com/t/the-federal-government-is-not-giving-money-away/486490>\
**Category:** The BBQ Pit\
**Created:** [February 19, 2009, 1:27am UTC](https://boards.straightdope.com/t/the-federal-government-is-not-giving-money-away/486490 "2009-02-19T01:27:44Z")\
**Posts on this page:** 20\
**Page:** 3

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**Author:** ![Merijeek](https://avatars.discourse-cdn.com/v4/letter/m/f05b48/32.png) [@Merijeek](https://boards.straightdope.com/u/Merijeek)\
**Post date:** [February 20, 2009, 5:35pm UTC](https://boards.straightdope.com/t/the-federal-government-is-not-giving-money-away/486490/41 "2009-02-20T17:35:22Z")

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> [@Frank](#):
>
> If you’re going to state that based on how _some_ people use the language, shouldn’t you be saying “affectively dead”?

Supposably.

-Joe

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**Author:** ![kidchameleon](https://avatars.discourse-cdn.com/v4/letter/k/898d66/32.png) [@kidchameleon](https://boards.straightdope.com/u/kidchameleon)\
**Post date:** [February 20, 2009, 5:41pm UTC](https://boards.straightdope.com/t/the-federal-government-is-not-giving-money-away/486490/42 "2009-02-20T17:41:41Z")

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> [@gonzomax](#):
>
> [http://www.reuters.com/article/businessNews/idUSTRE49M6E320081026](http://www.reuters.com/article/businessNews/idUSTRE49M6E320081026) Cash infusions.  
> Of course Chrysler paid back the government for loans. Does anyone think the banks will? The auto companies are getting loans. Thay are making concessions in salaries and wages. I would like to see the arrogant jerks who looted the system pay with fraud charges. But for some reason ,many think they will suddenly become responsible citizens now.

You should learn to read your citations.

> [@Reuters](#):
>
> the Treasury Department will inject $250 billion of capital directly into banks in exchange for preferred shares and warrants.

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**Author:** ![descamisado](https://avatars.discourse-cdn.com/v4/letter/d/e480ec/32.png) [@descamisado](https://boards.straightdope.com/u/descamisado)\
**Post date:** [February 20, 2009, 5:41pm UTC](https://boards.straightdope.com/t/the-federal-government-is-not-giving-money-away/486490/43 "2009-02-20T17:41:57Z")

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> [@Merijeek](#):
>
> Supposably.
> 
> -Joe

And for all intensive purposes.

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**Author:** ![Really\_Not\_All\_That\_Bright](https://avatars.discourse-cdn.com/v4/letter/r/e8c25b/32.png) [@Really\_Not\_All\_That\_Bright](https://boards.straightdope.com/u/Really_Not_All_That_Bright)\
**Post date:** [February 20, 2009, 5:46pm UTC](https://boards.straightdope.com/t/the-federal-government-is-not-giving-money-away/486490/44 "2009-02-20T17:46:10Z")

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Sometimes I wonder if somebody is following **gonzo** around the boards and editing all his links after he posts them.

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**Author:** ![kidchameleon](https://avatars.discourse-cdn.com/v4/letter/k/898d66/32.png) [@kidchameleon](https://boards.straightdope.com/u/kidchameleon)\
**Post date:** [February 20, 2009, 5:49pm UTC](https://boards.straightdope.com/t/the-federal-government-is-not-giving-money-away/486490/45 "2009-02-20T17:49:05Z")

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> [@Really\_Not\_All\_That\_Bright](#):
>
> Sometimes I wonder if somebody is following **gonzo** around the boards and editing all his links after he posts them.

I’m thinking he is the physical manifestation of ignorance, who isn’t going down without a fight.

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**Author:** ![Chimera](https://avatars.discourse-cdn.com/v4/letter/c/8e8cbc/32.png) [@Chimera](https://boards.straightdope.com/u/Chimera)\
**Post date:** [February 20, 2009, 5:51pm UTC](https://boards.straightdope.com/t/the-federal-government-is-not-giving-money-away/486490/46 "2009-02-20T17:51:16Z")

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> [@5-4-Fighting](#):
>
> And for all intensive purposes.

“for all Intents and Purposes”

Although they could be Intensive Porpoises.

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**Author:** ![Really\_Not\_All\_That\_Bright](https://avatars.discourse-cdn.com/v4/letter/r/e8c25b/32.png) [@Really\_Not\_All\_That\_Bright](https://boards.straightdope.com/u/Really_Not_All_That_Bright)\
**Post date:** [February 20, 2009, 5:58pm UTC](https://boards.straightdope.com/t/the-federal-government-is-not-giving-money-away/486490/47 "2009-02-20T17:58:31Z")

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> [@Chimera](#):
>
> “for all Intents and Purposes”
> 
> Although they could be Intensive Porpoises.

_whoosh_

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**Author:** ![jali](https://avatars.discourse-cdn.com/v4/letter/j/ecae2f/32.png) [@jali](https://boards.straightdope.com/u/jali)\
**Post date:** [February 20, 2009, 6:45pm UTC](https://boards.straightdope.com/t/the-federal-government-is-not-giving-money-away/486490/48 "2009-02-20T18:45:09Z")

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> [@Kimstu](#):
>
> And while we’re nitpicking minor linguistic inaccuracies, I’d like to remind everybody not to use “whom” when what you mean is “who”, as in “Whom are you, anyway?” or “He’s the one whom I thought was being silly.” It’s okay to use “who” for “whom” (as in “I don’t know who to ask”), but not the other way around. Thank you for your cooperation.

Whom did this?

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**Author:** ![Spiff](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/spiff/32/9852_2.png) [@Spiff](https://boards.straightdope.com/u/Spiff)\
**Post date:** [February 20, 2009, 6:58pm UTC](https://boards.straightdope.com/t/the-federal-government-is-not-giving-money-away/486490/49 "2009-02-20T18:58:39Z")

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Thou did.

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**Author:** ![descamisado](https://avatars.discourse-cdn.com/v4/letter/d/e480ec/32.png) [@descamisado](https://boards.straightdope.com/u/descamisado)\
**Post date:** [February 20, 2009, 7:12pm UTC](https://boards.straightdope.com/t/the-federal-government-is-not-giving-money-away/486490/50 "2009-02-20T19:12:30Z")

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> [@Spiff](#):
>
> Thou did.

Thou sweet!

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**Author:** ![elucidator](https://avatars.discourse-cdn.com/v4/letter/e/8edcca/32.png) [@elucidator](https://boards.straightdope.com/u/elucidator)\
**Post date:** [February 20, 2009, 7:13pm UTC](https://boards.straightdope.com/t/the-federal-government-is-not-giving-money-away/486490/51 "2009-02-20T19:13:25Z")

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Outakes from the Amish message board.

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**Author:** ![EddyTeddyFreddy](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/eddyteddyfreddy/32/18796_2.png) [@EddyTeddyFreddy](https://boards.straightdope.com/u/EddyTeddyFreddy)\
**Post date:** [February 20, 2009, 7:51pm UTC](https://boards.straightdope.com/t/the-federal-government-is-not-giving-money-away/486490/52 "2009-02-20T19:51:59Z")

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> [@elucidator](#):
>
> Outakes from the Amish message board.

You appear to have mislaid a T.

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**Author:** ![Derleth](https://avatars.discourse-cdn.com/v4/letter/d/b9e5f3/32.png) [@Derleth](https://boards.straightdope.com/u/Derleth)\
**Post date:** [February 20, 2009, 7:55pm UTC](https://boards.straightdope.com/t/the-federal-government-is-not-giving-money-away/486490/53 "2009-02-20T19:55:46Z")

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> [@EddyTeddyFreddy](#):
>
> You appear to have mislaid a T.

He’ll use it to square away his spelling.

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**Author:** ![elucidator](https://avatars.discourse-cdn.com/v4/letter/e/8edcca/32.png) [@elucidator](https://boards.straightdope.com/u/elucidator)\
**Post date:** [February 20, 2009, 8:02pm UTC](https://boards.straightdope.com/t/the-federal-government-is-not-giving-money-away/486490/54 "2009-02-20T20:02:48Z")

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“Pie is not square, fool! Pie is round, ‘T’ is square!”

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**Author:** ![gonzomax](https://avatars.discourse-cdn.com/v4/letter/g/e8c25b/32.png) [@gonzomax](https://boards.straightdope.com/u/gonzomax)\
**Post date:** [February 20, 2009, 8:10pm UTC](https://boards.straightdope.com/t/the-federal-government-is-not-giving-money-away/486490/55 "2009-02-20T20:10:51Z")

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I will look again when i get back. But I had a cite showing the breakdown of the 350 bill. It listed stocks bought, and all other uses. There is a category for cash infusions separtate from the stocks bought. Pat yourself on the back while you can, but you are wrong.

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**Author:** ![EddyTeddyFreddy](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/eddyteddyfreddy/32/18796_2.png) [@EddyTeddyFreddy](https://boards.straightdope.com/u/EddyTeddyFreddy)\
**Post date:** [February 20, 2009, 8:11pm UTC](https://boards.straightdope.com/t/the-federal-government-is-not-giving-money-away/486490/56 "2009-02-20T20:11:17Z")

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> [@elucidator](#):
>
> “Pie is not square, fool! Pie is round, ‘T’ is square!”

Oh, I see.

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**Author:** ![Voyager](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/voyager/32/133_2.png) [@Voyager](https://boards.straightdope.com/u/Voyager)\
**Post date:** [February 20, 2009, 8:46pm UTC](https://boards.straightdope.com/t/the-federal-government-is-not-giving-money-away/486490/57 "2009-02-20T20:46:01Z")

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> [@Rigamarole](#):
>
> Uncle Sam doesn’t care about paying his debts, why should the people he lends to? Are there really any consequences?

The Federal Government has defaulted on debts? Do tell. This event might possibly merit a short item on page 2 of the Times Business section, which I must have missed.

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**Author:** ![Voyager](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/voyager/32/133_2.png) [@Voyager](https://boards.straightdope.com/u/Voyager)\
**Post date:** [February 20, 2009, 8:51pm UTC](https://boards.straightdope.com/t/the-federal-government-is-not-giving-money-away/486490/58 "2009-02-20T20:51:41Z")

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> [@BrightNShiny](#):
>
> Here’s Wiki on [TARP](http://en.wikipedia.org/wiki/Troubled_Assets_Relief_Program)
> 
> Before I wade into this, perhaps someone here can offer clarification on what “assets” the COP report is referring to? Is it referring to equity warrants and the like?

The problem with assigning values to these assets is that if market value was used the banks would really go under, but if market value was not used then the government would very likely pay too much. It seemed that no one would show up to an auction. Not doing anything made the value drop even more, which made the problem worse. So the problem is not if they are pay more than the assets are worth now, but rather if they are paying more than they will be worth assuming a reasonable recovery.

**RandRover** has a good point, I think. No matter how you define given, I suspect the average person thinks the government just dumped money onto the banks (see various political cartoons.) That hurts the support of the necessary intervention.

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**Author:** ![Rand\_Rover](https://avatars.discourse-cdn.com/v4/letter/r/db5fbb/32.png) [@Rand\_Rover](https://boards.straightdope.com/u/Rand_Rover)\
**Post date:** [February 20, 2009, 11:38pm UTC](https://boards.straightdope.com/t/the-federal-government-is-not-giving-money-away/486490/59 "2009-02-20T23:38:55Z")

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> [@villa](#):
>
> I saw it. Just sometimes things need to be repeated multiple times to get through to some particularly bone headed individuals… 😃

I discussed the gift elements in the OP.

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**Author:** ![Really\_Not\_All\_That\_Bright](https://avatars.discourse-cdn.com/v4/letter/r/e8c25b/32.png) [@Really\_Not\_All\_That\_Bright](https://boards.straightdope.com/u/Really_Not_All_That_Bright)\
**Post date:** [February 21, 2009, 4:38pm UTC](https://boards.straightdope.com/t/the-federal-government-is-not-giving-money-away/486490/60 "2009-02-21T16:38:19Z")

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> [@Rigamarole](#):
>
> Uncle Sam doesn’t care about paying his debts, why should the people he lends to? Are there really any consequences?

Uncle Sam always pays his debts. He just doesn’t care about _reducing_ them.

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