Just like entering a war with no exit plan, government "involvement" in private enterprise will prove to be just as disastrous, if not more so.
In fact, this is truly nation changing/ending material. What other downturn in our history has seen such wholesale buying and propping of “private” enterprise? None, and thus we are setting sail on a path that has not be traveled before, one that already has changed our nation. The effects of which will be permanent, thus no exit plan required (LOL).
What Geithner describes here is NOT just a rolling over of funds, but if payback is received and given to the “general fund” (i.e. SPENT), and they continue to dole out the “headroom” amount up to the $700 billion cap, then that makes the $700 billion TARP A POTENTIALLY INFINITE SUM. That’s no roll-over he’s describing there Senator, wake the heck up!
Don’t Short This Dog, Report 20 Feb, 2017
3 hours ago