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« The Fake Thesis, etc. | Main | Michael Scott Holds A Press Conference »
Thursday
22Oct2009

"We don't even know where the money went" 

DateThursday, October 22, 2009 at 01:10PM

Some news items just write themselves- months in advance. TARP was so necessary. We were "investing" in the automotive industry (quote: paragraph 6, here.)

Last I checked, when you invest in something, you can expect a return on investment.  That's kind of the point of "investing," as opposed to "giving away free money."

Barofsky says it's "extremely unlikely" that taxpayers will recover the $77 billion committed to the ailing auto industry or the $60 billion in TARP assistance to American International Group as part of a pledge of up to $180 billion in aid. An additional $50 billion to modify unaffordable home mortgages "will yield no direct return."

 

Authorbbmoe | Comment1 Comment |

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Reader Comments (1)

Mein Gott im Himmel I wish I was surprised.
October 25, 2009 | Unregistered Commenteraelfheld

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