Tuesday, December 2, 2008

They Gave us TARP & TALF

The government force fed the citizens of the US TARP (Troubled Asset Relief Plan) and then TALF (Term-Asset Backed Loan Facility) even though up to 80% of us protested the concept initially.

Who wanted to give money, in the tens of billions of dollars, to corporations that had obviously been managed in such a way as to bring their imminent demise upon themselves. Who wanted to give money to companies or GSE's that had overpaid their top executives for years and years while this web was weaved.

No, they gave us TARP's and TALF's, so far, when really I'd say we got a Taxpayers Unheard in a Representative Democracy...figure it out.

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