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Treasury extends bailout program to October 2010 (TARP)
Reuters ^ | November 9, 2009 | by David Lawder

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 ...


TOPICS: Breaking News; Government; News/Current Events; Politics/Elections
KEYWORDS: 2010; 2010election; bailout; democrats; economy; electioncheatparty; elections; financial; october; tarp
Just in time for November 2010 elections.

FYI: Obama announced Tuesday that some of the unspent $200 billion in TARP would be diverted to job creation efforts.

1 posted on 12/09/2009 8:17:13 AM PST by MaestroLC
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To: MaestroLC
Slush fund.

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.

2 posted on 12/09/2009 8:35:35 AM PST by Jim from C-Town (The government is rarely benevolent, often malevolent and never benign!)
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To: Jim from C-Town
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.

3 posted on 12/09/2009 8:45:23 AM PST by Logical me (Oh, well!!!)
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To: MaestroLC

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.


4 posted on 12/09/2009 8:48:52 AM PST by Dubya-M-DeesWent2SyriaStupid!
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To: MaestroLC
On schedule and exactly as predicted by Rush and FReepers here.

History's largest slush fund and vote buying scheme.


Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.

5 posted on 12/09/2009 9:24:06 AM PST by The Comedian (Evil can only succeed if good men don't point at it and laugh.)
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To: MaestroLC

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.


6 posted on 12/09/2009 10:42:43 AM PST by TruthConquers (Delendae sunt publicae scholae)
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To: TruthConquers

If America dies, it’s because it is a nation of pussies that sat and watched it happen right before their eyes.


7 posted on 12/09/2009 11:25:33 AM PST by mojitojoe (“Medicine is the keystone of the arch of socialism.” - Vladimir Lenin)
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To: mojitojoe
what are we going to do ?

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

8 posted on 12/09/2009 12:22:00 PM PST by KTM rider ( ..........tell me this really isn't happening ! !)
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To: TruthConquers
actually it was Sept 11, 2001.

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]

9 posted on 12/09/2009 12:38:08 PM PST by KTM rider ( ..........tell me this really isn't happening ! !)
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To: NoObamaFightForConservatives

Slush fund = hidden cash loot

10 posted on 12/09/2009 1:36:34 PM PST by myknowledge (F-22 Raptor: World's Largest Distributor of Sukhoi parts!)
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