Apr 09 2009
It’s called TARP, which stands for Troubled Assets Recovery Plan. “Troubled Assets” is the euphemistic label given to real estate that was offered to people without sufficient financial capabilities to own the size home they bought due to liberal policies hoisted on Fannie Mae and Freddie Mac by Rep Barney Frank, Sen Chris Dodd and […]
Apr 05 2009
Wow, we are seeing some major fireworks in Washington DC this evening. The government official responsible for overseeing the TARP funds and their use in bailing out troubled companies is laying into one and all today: Elizabeth Warren, chief watchdog of America’s $700bn (£472bn) bank bailout plan, will this week call for the removal of […]
Feb 09 2009
OK, I find it very disturbing when I think I understand the top issues of the day, and then I found out I was in the dark and off the mark by a factor of ten. And when we talk bailout bills being off by 10 is scary. First we had the bank bail out […]
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