Show Us the Money

[K-9]

http://www.bloomberg.com/apps/news?pid=206...&refer=home

 

I know, I know, if they did then there would be runs on banks, short selling chaos, and the general collapse of the ENTIRE financial system.

 

Still, it would be nice to have a bit of transparancy.

[Fingon]

http://www.bloomberg.com/apps/news?pid=206...&refer=home

 

I know, I know, if they did then there would be runs on banks, short selling chaos, and the general collapse of the ENTIRE financial system.

 

Still, it would be nice to have a bit of transparancy.

They would go to jail if they told us.

 

 

 

 

 

 

 

 

It's illegal to start a run on a bank.

[DC Tom]

http://www.bloomberg.com/apps/news?pid=206...&refer=home

 

I know, I know, if they did then there would be runs on banks, short selling chaos, and the general collapse of the ENTIRE financial system.

 

Still, it would be nice to have a bit of transparancy.

 

If TARP was used for what it was originally intended - buying up "toxic" mortgage-derived assets - transparency would be less of a problem, since the asset portfolios aren't complete unknowns.

[K-9]

If TARP was used for what it was originally intended - buying up "toxic" mortgage-derived assets - transparency would be less of a problem, since the asset portfolios aren't complete unknowns.

 

I guess that's my question then: was the INTENDED use identified and was oversight a component of that use? Or, as I've come to believe, since some of the recipients are using TARP funds to simply buy other banks, can the recipients use it any way they see fit and not have to worry about repurcussions vis-a-vis the implied protections granted.