So after posting the question: What is the purpose of this bill? Our friends (the Socialists/liberals) note that to fix our problems of over leveraging we should mega over-leverage. And..admitted by the golf pro...we are using the next generations money to pay back supporters of this Democratic President.
Again, how about nothing? Cut taxes and accelerate depreciation. Foster business activity. The country and world are economic cocooning, how does this bill address this issue? I know! By limiting executive pay of banks that accept TARP funds...that is the ticket to economic prosperity. It would be LOL funny were it not so economically dangerous.
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Remember it took only 48 hours to pass Porkapalooza. There was no transparency involved and every single congressman did not read the bill. Why did they have to rush it through? Why couldn't there have been a little more scrutiny? What is hiding in there that they do not want us to know?
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