Posted on 12/09/2009 8:17:13 AM PST by MaestroLC
Treasury Secretary Timothy Geithner on Wednesday moved to extend the government's $700 billion bailout fund into October 2010 and pledged to deploy no more than $550 billion of it.
Geithner, in letters to House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid, said the extension of the Troubled Asset Relief Program (TARP) until Oct 3, 2010, would allow the Obama administration to use bailout funds to fight home foreclosures and boost small business lending.
(Excerpt) Read more at reuters.com ...
FYI: Obama announced Tuesday that some of the unspent $200 billion in TARP would be diverted to job creation efforts.
Somebody needs to indict and arrest every member of this administration. This is embezzlement pure and simple. No different than the banker who takes bank funds and uses them to play the ponies.
Correct. And the sad part is nothing will stop these communists from buying votes for the Senate, House and Presidency. They are and will win for many generations unless a total overthrow of Government happens. The RATS have spent many years building this unstoppable communists organization.
I am going to the SBA and applying for a SB loan. Nothing will freaking happen.
This is just another slush fund for Obama’s huge circle jerk of cronies and ACORN.
History's largest slush fund and vote buying scheme.
And this is why the demonrats don’t care if they pass death care or the amnesty for illegals. They already know that they will have the money to buy the votes.
The day that America died: Nov 4, 2008.
If America dies, it’s because it is a nation of pussies that sat and watched it happen right before their eyes.
even the Civil War failed, and that had a LOT of momentum
best we can do is adapt to to the Change. There will be no rescue. Don't look to the republican party (socialist lite), no help there
I am applying to get any government job I can, and selling the house as i arleady liquidated all accumulated assets just to maintain it so far this year,
goodbye old system , adapt to the new
The day the world banking system used its mercenary warrior Bin Laden to begin dismantling the USDollar by drawing us into a costly war without having a manufacturing economy to sustain the burden. The next major attack was on Sept 9, 2008, the day the foriegn hedge fund managers made a run on the bank.
Obama is just a puppet warrior for the world banking system. The democrats are simply unwitting naiive do-gooders doing the devils work
The bankers cannot win militarily so they chose a very clever economic strategy [/tin foilhat]
Slush fund = hidden cash loot
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