I was wondering about all this government "TARP" stuff. What is "TARP" an acronym for? Tarp is an acronym for Troubled Assets Relief Program. And this is how it works. Imagine you meet some guy who’s down and out. He used to be a major player on Wall Street, but now he’s facing hard times. He begs you for a rather substantial loan. He tells that if he doesn't get money soon, he will be facing bankruptcy and he hints that this could severely hurt lots of your friends who invested with him. On the other hand, he tells you that if you would just grant him this rather huge loan, he will not only survive, but will actually help lots more of your friends so that everyone benefits. Although he’s sort of vague about both how he will pay you back and what exactly he will do with the loan, you are persuaded to give it to him. He thanks you profusely and then goes on his way. A few months later, it seems that your friends are still in bad shape and in fact, they are worse then before! So, you go seek out your loan recipient and ask him very simply, “What did you do with the money I so graciously lent you under such favorable terms?” Imagine your surprise when he absolutely refuses to tell you what he did with any part of the money! That's the TARP plan.
Thank you Uncle Sam for using my and my fellow Americans money the way you see unfit to use it...AGAIN !
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