If you are like me, when I hear the acronym TARP I can feel my sphincter tighten. I can feel , yes feel, my blood pressure rise. Angry can't possibly do justice to the way I feel about how our politicians have handled these thieves.
If we lied like they are and have, we would go to jail. I also know one of the main reasons why a 600 billion dollar problem turned into a multi-trillion dollar taxpayer problem and was the trip wire that started this nasty recession: Credit Default Swaps. It's the great multiplier of holes in a banks capital that we have had to fill.
Imagine my surprise, when I tripped across the following...
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