Tilted Cat Head
Administrator
Location: Manhattan, NY
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shak, it is an awfully interesting world both the Dems and the GOP live in. Again, I say that both sides are quite hypocritical in stances and statements. Today's latest comes to mind of Mr. Obama stating he will end warrantless wiretaps, and yet, that never happened, but hey it was a campaign promise right? IMO politics is an endless loop of hypocrisy.
Re: the taxation, there's a point in time where the piper has to be paid. I'm sure as an automotive enthusiast you know the Fram oil filter commercials, "You can pay me now, or you can pay me later." IMO Implosion is a matter of fear tactics from both sides of the aisles. Conservatives are ready and prepared to weather the storm, but of course the assholes who lived off credit don't have a pot to pee in.
Will, I have never seen a government instrument of investment like this. There's no bond, there's no paper, it's a law that SAYS it's going to give money and doesn't outline how the investment is to work. There's nothing in TARP explaining how the monies are to "be" investments or what the rate of return is to be. There's nothing close to a prospectus. There's nothing close to an explanation of the investment instrument save a very thick paged bill that no one completely read when it was voted upon. In other words, many including myself see this as a flat out wholesale give away of monies.
If you believe that this is an investment instrument, then you have no idea how investments work.
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