osewalrus (osewalrus) wrote,
osewalrus
osewalrus

Why Republicans Will Never Repeal TARP

Sure, they will promise to stop "more" bailouts, and will probably rebrand this as "The Free Market Happiness Fund For Personal Freedom and Lower Taxes With Milkshakes -- Chocolate Milkshakes!" But the TARP (a) makes money, and (b) provides a free slush fund to everyone's favorite consitutency, Wall St.
http://www.nytimes.com/2010/08/27/business/27toxic.html?_r=1&th&emc=th

Of course, if the market were to tank, the TARP (or successor) would also tank. It's basically a huge public hedge fund. But that could never happen . . . .
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