Monday, April 06, 2009

More on the Madness...

Theory on why the Obama administration doesn't want the bank bailout money back: it's about power (WSJ). It worries me how much sense this makes. If true, it will be along and hard four years for the US economy. On the other hand, I don't think TARP started out with this intent as it was intended to provide liquidity into the system - but what else to make of the fact the administration doesn't want the money back from healthy banks especially after Congress has been trying to distort both the intent of the funds and how they are used?

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