Friday, July 10, 2009

TARP to Expand Further?

The Troubled Assets Relief Program began with the goal of buying toxic assets from banks. It morphed from there. Consider the meandering:


Car Companies

Life Insurers

Small Businesses?
The Economic Stimulus Package targeted small businesses. How much stimulation can a firm handle? How much engorgement can one program offer? Corporafornication continues. Blue does as good as Red.

If banks lent their TARP proceeds, why would auto manufacturers, life insurers and small businesses need TARP funds? Who's next?

Is this intended to contain outrage from small employers on health care reform? Maybe the first step of a quid pro quo?

(New information shows it's more likely a response to CIT's financial troubles and possible implossion)