Thursday, December 18, 2008

John Sununu TARP Overseer

Senator John Sununu will provide oversight for the TARP. That means counting returns on America's sovereign taxpayer IOU fund. CNBC reported TARP investments are up 3.17%. How does that compare to Abu Dhabi? Sununu is just the man to run the numbers.

Congress passed a bill to provide credit and reign in distorting executive compensation. Bush's implementation did neither. However, the taxpayer provided hundreds of billions to banks, who subsequently cut over a hundred thousand jobs.

Rest assured this Christmas, a 3.17% return sits under Hank Paulson's TARP tree. It makes me feel all warm and fuzzy, or is it hot and bothered?

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