Rant

Digg Stumble This Del.icio.us Twitthis Google Yahoo Reddit Technorati

Imagine if CONgress spent just _half_ the time on the TARP bill as they are on automotive bailout.  I suppose when Dumb and Dumber are asking for $700B it requires nothing more than a cursory glance, negotiate some concessions, bark taxpayer protections then call it a law.  Apparently this is the only purpose congress serves. 

Now we've got most of those who voted for the bill (you know, to save the pension plans) pissed off wondering how did two guys pull the wool over the eyes of 200 no talent assclowns in the house and senate.   But they've put up their dooks making sure the taxpayer will not be rooked out of another $15B!!!!!  I mean, 160B stimulus and 360B (of 700B) for TARP, guess you better tighten up!

TARP has put $180B in the hands of 60+ banks, including the extra 20 for Citi.  This has mostly been used for loan loss reserves, or otherwise in a manner than will likely never contribute to a red cent in the form of GDP.  Too bad those 60+ banks couldn't _loan_ out to GM.  Don't blame them though, only the Government will lend to insolvent institutions (AIG,Fannie/Freddie,etc...)