Posted on 04/22/2009 1:56:20 AM PDT by markomalley
We’re on the road to fascism.
Has TARP been amended? I think not.
TARP is Bush’s baby. It’s 100% his.
Actually, it has. The original intent was to buy toxic assets. When they realized that it would take trillions to do that, the Treasury Secretary, given sole authority BY THE CONGRESS to spend as he saw fit, changed from buying toxic assets to buying stock in banks. When they got up to $350 Billion of the $700+ Billion spent, and after Obama won the election, the democrtas in congress and the mouthpieces for Obama, begged Bush not to spend anymore because Obama should have the right to spend it how he saw fit.
Bush stopped at $350 Billion. He can be blamed for $350, but that's it. All the other trillions were spent under Obama. Hence, it's Obama's baby. Unfortunately, as a result of his stupidity it's going to be our children's, grandchildren's and great grandchildren's albatross.
You are most welcome.
You might also be interested in the following: I noticed at a Wordpress blog a reference to a repository of these agreements in the form of (largish) pdfs: http://financialstability.gov/docs/agreements/. (To give credit where it is due, that link comes from this Wordpress blog site.)
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