03-17-2009, 09:28 AM
HAULN-SS Wrote:I'm glad we invested in a 700B TARP package to rescue the banks, and more for the car companies. </sarcasm> seems like the numbers must have been way off for what was actually needed? GM and Citi have said they don't need any more right now (GM's restructuring appears to be working, believe it or not). And there was so much red (commie) tape attached to the money, hundreds of smaller banks said no thanks...haha I just saw a video the other day of a presentation in congress by one of the reps where he said (paraphrasing) "This is my favorite quote. When asked why 700 billion dollars (some lady involved) responded with 'It's not based on any data, we just wanted a large number but not too large.'"