h/t andrewsullivan via Ken Silverstein
From the Project on Government Oversight’s letter to congressional oversight committees:
As you know, the TARP was created for the express purpose of buttressing the financial system by assisting institutions in danger of going under. In the language of the statute, the TARP was meant to “provide authority for the Federal Government to purchase and insure certain types of troubled assets for the purposes of providing stability to and preventing disruption in the economy and financial system and protecting taxpayers.” However, we are concerned that some institutions are taking advantage of the law, assuming the trappings of failure in order to feed at the TARP trough.
It has come to our attention that a number of insurance companies are attempting to qualify for TARP funds by purchasing banks.
Helping you the taxpayer get a 12 incher rammed up your kiester….KWS, keep up the good work!
You are thanking her in advance for her future failure.
I hadn’t thought of that, but it opens up a whole new territory for KWS bashing.
she is the DIL to my DO
You don’t for a minute think that KWS would understand the issues here, do you? The implications are much too complex for her small brain. But she’ll support it if they make it worth her while, count on it.
Is it too late to take my vote back??????
There was an article on this a while back in the Wall Street Journal.
The important point to note is that insurance companies are sharp as hell and do their homework. In order to keep up with amazing excuses and feats of brass-ballism based on tortuously twisted logic (Smitty has some experience here) you have to have the background, training and IQ of Matt Denn.
Now we have KWS.
only if you voted in Mn
We actually get a two-fer. KWS and Harris McDowell. She owes him for getting her elected, so we can all thank him for having this mess. He loves it, though. It’s exactly what he wanted. He’ll run the IC office according to his own agenda.
i suggest you stick with one name Green or Gab…especially if you are going to go around and try to make credible statements in the future
They’re all credible. Green Pastures is my daughter’s name. She also knows KWS, and probably better than I do.
okie dokie…thanks for clearing it up..
Guess who’ll determine if Blue Cross gets the rate increase Matt Denn has denied them for years? What do you want to bet the outcome will be?
http://www.delmarvanow.com/article/20081219/NEWS01/81219026