TARP is a child of Congressional corruption. As soon as it was formed, the banks told Geithner that they didn’t want to sell their toxic assets and would prefer to be bailed out. After that, it was just a slush fund for Obama/Geithner and the banks.
Our government is corrupt and in bed with the big banks and Wall Street. Although many people have bought into the homeownership dream, you are supporting the Democrats and the corrupt banking/GSEs by taking out a loan that goes through BofA, JPMC, WF and Citi and sold to FHA/Fannie/Freddie.
There will arise an impeachment angle to this UNCONTITUTIONAL USE of TARP!
for later reading
I am amazed at this admins’ utter ignorance about business. First they wrecked the economy in order to win an election, they turn around and tell businesses to go out and take on more debt. No one is going to borrow money to expand when the govt has them in the crosshairs for destruction. Only speeds up the process.
obama and geithner couldn’t make a go of a lemonaide stand. If they followed their own advice, they would be broke before noon.
Let’s give small businesses a $30 billion tax break instead.....
I want to know how much Obama is spending on a daily basis to all those involved with fighting his opponents, in the hiding of his past, of the bribes to those that were intimate with his past and those promised positions of power in exchange for introducing socialism.
I’ll take a wild guess and say its at least $5 million PER day.
Of taxpayers money.