TARP is an open-ended spending check book for Obama.
Apart from the clear reference in the very name of this program, it was intended to address toxic assets held by banks.
I'm still trying to find out how much TARP money has actually been spent on buying these toxic assets.
But all I see is that it was used as a TRAP to beat banks into eating the Chrysler/Government Motors deal. And now, the insurance.
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TARP is an open-ended spending check book for Obama.
Apart from the clear reference in the very name of this program, it was intended to address toxic assets held by banks.
I'm still trying to find out how much TARP money has actually been spent on buying these toxic assets.
But all I see is that it was used as a TRAP to beat banks into eating the Chrysler/Government Motors deal. And now, the insurance.
May 15, 2009 12:05 PM | Reply | Permalink