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Government Bailouts & Government Lies
“We’ve been suckered again … or so it seems”
You might recall that we weren’t terribly fond of the $700 billion Troubled Assets Relief Program (TARP) which was hailed as a sure-thing emergency measure which would relieve the pressure on financial institutions and thaw out the frozen credit markets.
As usual, the government and its insider cronies lied to us. So far, about the only thing the money hasn’t been used for is taking bad mortgage assets off the books of institutions supposedly unable to make loans. We’d be rather annoyed, but for once the government might actually be getting something more right…
13Nov2008 | Oxbury Research | Comments Off | Continued
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