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Now that the legal mumbo jumbo is outta the way...

Saturday, May 9, 2009

Repaid TARP Funds

As of 4/24/09 Banks had repaid a little over $1billion of the original TARP funds. Great, you say.

Except Geithner thinks that is a revolving account for his use! It doesn't go back into the general fund to help reduce future spending, oh no! He just turns around and give it out again to some one else! At least until October 2010, when it SHOULD expire. We'll see.

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