Sunday, January 31, 2010

Alleged TARP Good News

While the average American on the street understands that the TARP Program is an abject failure, bailout cop Neil Baroksky, who also understands that TARP is a failure, states there is a silver lining to the failure.

There was at least one bit of good news from Barofsky’s latest report however. He acknowledged that while the ultimate cost will still be “substantial” for American taxpayers, it will be less than originally estimated.

Though the cost is substantial, it’s less substantial, is good news?  Americans are supposed to take comfort in this statement which has no actual meaning?

And what about the coming second wave of mortgage resets?

Bailout cop: TARP’s not working

Posted by John Venlet on 01/31 at 01:05 PM
(0) Comments • (0) Trackbacks • Permalink
Page 1 of 1 pages