A latest article from the Associated Press indicates that despite Treasury Secretary Geithner's super spin that the "bailouts are completely behind us", reality is that the bank bailout program (TARP) is far from over and that it will likely take many, many years to recoup the funds.
http://news.yahoo.com/s/ap/20101029/ap_on_bi_ge/us_bailouts_rising_costs
By its own admission, Treasury officials have contracted for services -- with TARP funds -- without being able to describe what exactly the funds will be used for because it's not needed yet. That's sort of like me paying for car insurance for a car I don't own or drive yet...huh?
Just four more days...let's hope some common sense gets voted into office!
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