TARP Bailout Information
Submitted by jajacobs on Sat, 2008-12-13 08:57.
The "Troubled Assets Relief Program" (TARP) (Public Law 110-343, 122 STAT. 3765, DOCID: f:publ343.110) is the financial "bailout."
ProPublica has a lot of useful information on the bailout:
- Map: Show Me the TARP Money
- Show Me the TARP Money (a running count of the TARP $700 billion funds, updated regularly. includes Amount, Date, Bank Name, Background Profile.)
- Continuing Coverage
- RSS feed
- Bailout Widget you can put on your site.
And don't forget the Coverage at OpenTheGovernment.org!
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Is it appropriate for
Is it appropriate for congress to vote another raise for themselves during the present situation? Secondly instead of giving money directly to Fannie may and freddie mac and many others, who still continue to foreclose homes, pay off the mortgages of the people facing foreclosure, the banks and the Freddie's and Fannie's will get their money and people will get to keep their homes; and if AIG needs gov. money. Why is it giving large amounts of money to the very executives who were in charge when they nose dived,it seems to me they should can them and start over.
There is a much better way!
Congress does not need a raise! instead they should take a cut in pay just like the American workers have. the next step is to cut their staff budget and make the men and women we elected actual work for the money they are payed! Now with the housing crises in full effect, don't bail out the banks directly. We should first reward the citizens who did their homework and bought responsably. Use the 700 billon to give us low interest home loans and force the banks to rework the loans of troubled home owners to intrest only 20 year loans. Then america could slowly sell many of these homes on the open market with having a gluttony of homes for sale. That would keep my home's value and put some much needed money in my pocket.
If government really wants
If government really wants to spend the money on middle class families then they need to know that what kind of problems, we are facing now. We know that housing market is the biggest problem but if the government will spend maximum amount in housing market then who will fix the share market, retail market, financial market, local trade market, international trade market and many more. Today, everyone needs money to grow the business (all fields). Right now, we need good strategy, planning and then investment. Also, we need to make a record for each and every penny (investment)and strong financial Audit and Plenties (including jail) policies. God Bless America
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