Monday, June 15, 2009

TARP? More like FUNNEL! Zing!!

Would people have a better or worse opinion of the bailout provisions, specifically TARP, if they knew that, according to GAO, the government is owed and may have received $2.9 billion in dividend payments from troubled banks? Sure, it's a drop in the bucket in a trillion-dollar scheme, but it's not negligible.

And hey, while we're asking stupid questions, why the fucking hell doesn't the government report on these payments? Am I missing the hidden drawback to telling the taxpayers that hey, yeah, we're actually getting some of that money back?