Good tarp news ?

Buck10/05/2010 5:35:06 pm PDT

re: #9 alexknyc

I get that you’re a fan of TARP and I get that you resent the bonuses given out, but even so, these things are subject to the law of unintended consequences— and the collapse of the economy of lower Manhattan would have been one of them.

Somehow the government was able to screw the GM shareholders, let the companies stock go to ZERO, BUT still pay off the Unions, and debt holders… and therefore honor the contracts selectively. Anyway the anger is coming from the place where the executives were able to recover so quickly, and yet unemployment is still at 12%