He is correct, but it’s even more simple than he explains. Geither claims that the TARP money goes into the general fund ( Geithner to DeMint: Bailouts may never end, no exit plans... ), and that allows him to push out that much more money into the banks! That is NOT “revolving,” it is INFINATE in that there is effectively no end or cap to his doing so. Sherman is the only one I’ve heard stand up and raise the BS flag on this. I just don’t get how Americans can sit idly by and watch this happen… I guess we are all bought and paid for – our entire American set of ideals and beliefs were sold out whether we like it or not.
Skeptical Sherman: TARP $$ Paid Back Is NOT Geithner's Revolving Fund Should PAYOFF National Debt!!
Friday, May 29, 2009
Posted byAmy Jamison at8:45 AM