In response to Mr. Blinder's call for renaming the TARP, since it now seems to be used for only LIFTING the banks and SEPARATING money from the taxpayers, I propose calling it the Banking Recapitalization Act - or, BRA. CNBC reported that Paulson will get the next $350 billion unless Congress objects in 15 days. He asked for the money 12/19 & Congress reconvenes on 1/6 - 19 days. |
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Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a former blogger for Huffington Post, Daily Kos, and Global Economic Intersection.
His anthology of updated Opednews articles "America is Not Broke" was published by Tayen Lane Publishing (March, 2015) and may be found here:
http://www.americaisnotbroke.net/
Scott is a former and current President of Common Ground-NY (http://commongroundnyc.org/), a Geoist/Georgist activist group. He has written dozens of (more...)