Oct 31, 2009
Oct 29, 2009
Oct 28, 2009
1. A libertarian is thrifty because rational self interest mandates getting maximum practical value for any expenditure.
Oct 26, 2009
Oct 24, 2009
Oct 23, 2009
Oct 22, 2009
Oct 21, 2009
Watchdog Neil Barofsky says the TARP program sorta worked but, "Treasury's actions in this regard have contributed to damage the credibility of the program and of the government itself, and the anger, cynicism and distrust created must be chalked up as one of the substantial, albeit unnecessary, costs of TARP."
Hold that thought as you continue:
Then he noted the "decision not to require banks to report how they used their rescue money and (the Fed's) 'less-than-accurate' statements describing the financial condition of nine large banks that benefited from large infusions of aid."
I don't quarrel with either Barofsky or the AP report, though they're really telling us nothing new in the first cited paragraph which says, "We're all well and truly pissed" or in the second which says "Because when dealing with the feds you can have them stupid or you can have them crooked. Take your pick."
Deeper in the story there are some enticing hints on how much of your TARP money is being used for kennel fees, Dom Perignon, tux rental and so forth.