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Name:
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architect
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Subject:
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Boy
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Date:
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6/13/2009 12:51:44 PM
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We started weeks ago discussing "government force", not "arm twisting" regarding mortages, not TARP. There was no "force" on the mortagages. I would admit that the Community Development Act almost by definition included "arm twisting" as do many programs government or otherwise which seek to change something deemed anti-social, dangerous, unhealthy, etc. Again, the original discussion did not include TARP. That being said, please explain how my last post in anyway could be read to indicate that I believed or insisted "force" was not a part of the program. I don't know if force was involved, it certainly might have been part of the Paulsen(Republican appointee)/Bernanke(Republican appointee) program. Please recall that all this started before Obama was even elected. I do know only the very largest banks were given TARP funds and that most of them were begging for them.
To preempt your next rant...yes it was a democratic controlled Congress that passed the TARP program, but it was with the urging even pleading of a Republican President, a Republican Sect'y of Treasury and a Republican appointed Fed. Ch'm. Furthermore, if the Congressional Republicans had been in as lockstep mode as they are today with a Democrat in the WH they could have stopped TARP in its tracks. So shut up on giving all the blame to an at the time unelected Presidential candidate and those dastardly liberal Democrats in Congress.
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