Deep Thoughts on Business, the Internet, Politics – Lorien1973.Com
31Mar/090

The Country is in the Very Best of Hands

Someone has noticed that the Feds aren't keeping any eye on the TARP funds too well.

"We do not seem to be a priority for the Treasury Department," the Congressional Oversight Panel's Elizabeth Warren told a Senate Finance Committee hearing today.

I'm not really too worried about it, though. It's not like a ton of money has been taken up by TARP. Or that the Feds are risking our entire economy and future on these bailout packges. If that were the case, I might just be worried.

What?

The U.S. government and the Federal Reserve have spent, lent or guaranteed $12.8 trillion, an amount that approaches the value of everything produced in the country last year, to stem the longest recession since the 1930s.

Oh shit.

Filed under: Politics Leave a comment
Comments (0) Trackbacks (0)

No comments yet.


Leave a comment


No trackbacks yet.