TARP, the Troubled Asset Relief Fund, has become a $700 billion slush fund. Originally authorized by Congress to buy troubled assets from banks, it has transitioned to a fund to supply capital to banks, then to a source of capital for AIG, GM and Chrysler. Now people propose using the leftover funds for more stimulus, a jobs creation program and financing the war in Afghanistan, among other ideas.
Enough already. Return the money to the Treasury, from whence it came.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment