One thing about the TARP bailout being run by the Treasury Department is really bothersome: The Treasury Department is handing out hundreds of billions of dollars with no conditions whatsoever.
For instance, the Treasury Department gave $25 billion to Citibank, part of over $125 billion that was supposed to free up the credit markets. But the banks did nothing with the cash other than sock it away. That's because Secretary Paulson and his minions (all of which undoubtedly have ties to the banking industry) gave them the money without strings.
But when Detroit came up and asked for $25 billion, my oh my, "we need to see a plan," "what are you going to do with the money," "how can we be sure you're not going to continue business as usual" and so on and so forth.
Hundreds of billions of dollars, going into a rathole.
A blog by a "sucker" and a "loser" who served her country in the Navy.
If you're one of the Covidiots who believe that COVID-19 is "just the flu",
that the 2020 election was stolen, or
especially if you supported the 1/6/21 insurrection,
leave now.
Slava Ukraini!
Sunday, November 23, 2008
2 comments:
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中國詞不評論，冒抹除的風險。僅英語。
COMMENT MODERATION IS IN EFFECT UFN. This means that if you are an insulting dick, nobody will ever see it.
We're giving Citi our house just in case the cash isn't enough to make them happy.
ReplyDeleteOh, shit. I am so sorry about that.
ReplyDelete