‘TARP’, you will recall stands for ‘Troubled Asset Relief Program.’ Indeed California is troubled … in the psychiatric sense. Yet classifying Cal as an ‘asset’ will irk anyone east of the Sierra Nevadas. More to the point, TARP was established to soak-up toxic loans and other real property. Congress never intended for this loot to be lobbed at other governments.
snip....
This should be very, very interesting. Hard to imagine Congress making money available to bail out California. Not that most democrats would not have a problem doing it under cover of darkness in secret, with a binding resolution to appease their master overlord Obama Union thugs
Even the sycophant media would report it, the backlash would be popcorn time
It's not so hard to imagine California's representatives supporting that... and possibly Oregon, Washington, and Nevada's as well (ie: hoping to keep the California hordes from fleeing their devastated home state)