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	<title>Comments on: TARP funds go to the politically connected</title>
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		<title>By: TARP funds go to the politically connected &#171; Top Daily Digest Reading</title>
		<link>http://hotair.com/archives/2009/01/22/tarp-funds-go-to-the-politically-connected/comment-page-1/#comment-1883804</link>
		<dc:creator>TARP funds go to the politically connected &#171; Top Daily Digest Reading</dc:creator>
		<pubDate>Tue, 17 Feb 2009 07:24:51 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=41479#comment-1883804</guid>
		<description>[...] Interesting? Proceed here. [...]</description>
		<content:encoded><![CDATA[<p>[...] Interesting? Proceed here. [...]</p>
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		<title>By: There's My Two Cents</title>
		<link>http://hotair.com/archives/2009/01/22/tarp-funds-go-to-the-politically-connected/comment-page-1/#comment-1819582</link>
		<dc:creator>There's My Two Cents</dc:creator>
		<pubDate>Wed, 28 Jan 2009 00:15:43 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=41479#comment-1819582</guid>
		<description>&lt;strong&gt;&#039;Stimulus&#039; Update...&lt;/strong&gt;

This is incredible. I mean, seriously, seriously incredible. I don&#039;t recall the last time I came right out and asked for you -- my loyal, intelligent, and beautiful readers -- to send this information to everyone you know, but this is one of those ra....</description>
		<content:encoded><![CDATA[<p><strong>&#8216;Stimulus&#8217; Update&#8230;</strong></p>
<p>This is incredible. I mean, seriously, seriously incredible. I don&#8217;t recall the last time I came right out and asked for you &#8212; my loyal, intelligent, and beautiful readers &#8212; to send this information to everyone you know, but this is one of those ra&#8230;.</p>
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		<title>By: Midas</title>
		<link>http://hotair.com/archives/2009/01/22/tarp-funds-go-to-the-politically-connected/comment-page-1/#comment-1806555</link>
		<dc:creator>Midas</dc:creator>
		<pubDate>Fri, 23 Jan 2009 03:23:41 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=41479#comment-1806555</guid>
		<description>Why isn&#039;t this guy in jail?  Is anyone else beginning to realize yet that this isn&#039;t going to stop without an actual revolution?</description>
		<content:encoded><![CDATA[<p>Why isn&#8217;t this guy in jail?  Is anyone else beginning to realize yet that this isn&#8217;t going to stop without an actual revolution?</p>
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		<title>By: tmq</title>
		<link>http://hotair.com/archives/2009/01/22/tarp-funds-go-to-the-politically-connected/comment-page-1/#comment-1806470</link>
		<dc:creator>tmq</dc:creator>
		<pubDate>Fri, 23 Jan 2009 02:54:17 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=41479#comment-1806470</guid>
		<description>Day 3 of The Afterbirth</description>
		<content:encoded><![CDATA[<p>Day 3 of The Afterbirth</p>
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		<title>By: TARP, payoffs, and who you know &#171; The Daley Gator</title>
		<link>http://hotair.com/archives/2009/01/22/tarp-funds-go-to-the-politically-connected/comment-page-1/#comment-1806315</link>
		<dc:creator>TARP, payoffs, and who you know &#171; The Daley Gator</dc:creator>
		<pubDate>Fri, 23 Jan 2009 01:57:55 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=41479#comment-1806315</guid>
		<description>[...] to Ed Morrissey who calls TARP for what is, faster, meatier pork! Show of hands for who’s surprised by this.  [...]</description>
		<content:encoded><![CDATA[<p>[...] to Ed Morrissey who calls TARP for what is, faster, meatier pork! Show of hands for who’s surprised by this.  [...]</p>
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		<title>By: MB4</title>
		<link>http://hotair.com/archives/2009/01/22/tarp-funds-go-to-the-politically-connected/comment-page-1/#comment-1806163</link>
		<dc:creator>MB4</dc:creator>
		<pubDate>Fri, 23 Jan 2009 01:01:16 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=41479#comment-1806163</guid>
		<description>We are becoming a socialist kleptocracy.</description>
		<content:encoded><![CDATA[<p>We are becoming a socialist kleptocracy.</p>
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		<title>By: jcila</title>
		<link>http://hotair.com/archives/2009/01/22/tarp-funds-go-to-the-politically-connected/comment-page-1/#comment-1805889</link>
		<dc:creator>jcila</dc:creator>
		<pubDate>Thu, 22 Jan 2009 23:23:01 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=41479#comment-1805889</guid>
		<description>there hasent been a fanny that didnt get a push from FRANKS..

there hasnt been a fanny that franks didnt RAPE..
There hasnt been a fanny that wasnt eyed by the liberals

and we and our children will all end up paying the bills for this fiasco..</description>
		<content:encoded><![CDATA[<p>there hasent been a fanny that didnt get a push from FRANKS..</p>
<p>there hasnt been a fanny that franks didnt RAPE..<br />
There hasnt been a fanny that wasnt eyed by the liberals</p>
<p>and we and our children will all end up paying the bills for this fiasco..</p>
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		<title>By: jcila</title>
		<link>http://hotair.com/archives/2009/01/22/tarp-funds-go-to-the-politically-connected/comment-page-1/#comment-1805883</link>
		<dc:creator>jcila</dc:creator>
		<pubDate>Thu, 22 Jan 2009 23:21:19 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=41479#comment-1805883</guid>
		<description>Fanny gets RAPED by FRanks, todd and the democrats
Freddie gets RAPED by FRanks, todd and the democrats
Taxpaers get RAPED by FRanks, todd and the democrats

And then we find out that ALL of that money went to their friends..

Prabably to pay for all the male escort services they hired..


there has been a whole LOT of screwing going on at congress..

Congress, FRANKS, TODD, Murtha and the rest of the Democrats has RAPED Fanny, FREDDIE and THE ENTIRE US Treasury system so HARD

that fanny, freddie and the banks
ALL GOT AIDS..

Thanks to FRANKS..</description>
		<content:encoded><![CDATA[<p>Fanny gets RAPED by FRanks, todd and the democrats<br />
Freddie gets RAPED by FRanks, todd and the democrats<br />
Taxpaers get RAPED by FRanks, todd and the democrats</p>
<p>And then we find out that ALL of that money went to their friends..</p>
<p>Prabably to pay for all the male escort services they hired..</p>
<p>there has been a whole LOT of screwing going on at congress..</p>
<p>Congress, FRANKS, TODD, Murtha and the rest of the Democrats has RAPED Fanny, FREDDIE and THE ENTIRE US Treasury system so HARD</p>
<p>that fanny, freddie and the banks<br />
ALL GOT AIDS..</p>
<p>Thanks to FRANKS..</p>
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		<title>By: Blacklake</title>
		<link>http://hotair.com/archives/2009/01/22/tarp-funds-go-to-the-politically-connected/comment-page-1/#comment-1805693</link>
		<dc:creator>Blacklake</dc:creator>
		<pubDate>Thu, 22 Jan 2009 22:28:37 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=41479#comment-1805693</guid>
		<description>&lt;blockquote&gt;...If no resistance materializes, and people willingly submit as in Europe, I will have to consider leaving.

JiangxiDad on January 22, 2009 at 4:07 PM
&lt;/blockquote&gt;

And go where?  The United States has been the last stop on the liberty express for a while now.  Galt&#039;s Gulch is fiction.  You either fight for America, or you submit to a  state.  There&#039;s nowhere to retreat.</description>
		<content:encoded><![CDATA[<blockquote><p>&#8230;If no resistance materializes, and people willingly submit as in Europe, I will have to consider leaving.</p>
<p>JiangxiDad on January 22, 2009 at 4:07 PM
</p></blockquote>
<p>And go where?  The United States has been the last stop on the liberty express for a while now.  Galt&#8217;s Gulch is fiction.  You either fight for America, or you submit to a  state.  There&#8217;s nowhere to retreat.</p>
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		<title>By: nelsonknows</title>
		<link>http://hotair.com/archives/2009/01/22/tarp-funds-go-to-the-politically-connected/comment-page-1/#comment-1805683</link>
		<dc:creator>nelsonknows</dc:creator>
		<pubDate>Thu, 22 Jan 2009 22:25:25 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=41479#comment-1805683</guid>
		<description>Dat Bawney Fwanks is such a wascawy wascaw.  Is he stiw wunning a gay bowdewo fwom his apawtment wif his bowfwiend?

OHHHHHHH Consewvatives weewy mad me angwy!</description>
		<content:encoded><![CDATA[<p>Dat Bawney Fwanks is such a wascawy wascaw.  Is he stiw wunning a gay bowdewo fwom his apawtment wif his bowfwiend?</p>
<p>OHHHHHHH Consewvatives weewy mad me angwy!</p>
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		<title>By: Johan Klaus</title>
		<link>http://hotair.com/archives/2009/01/22/tarp-funds-go-to-the-politically-connected/comment-page-1/#comment-1805637</link>
		<dc:creator>Johan Klaus</dc:creator>
		<pubDate>Thu, 22 Jan 2009 22:10:39 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=41479#comment-1805637</guid>
		<description>&lt;blockquote&gt;please do not put his picture up….

EXIT QUESTION: Deserted island…..Helen Thomas or Barney Frank????

SDarchitect on January 22, 2009 at 4:22 PM&lt;/blockquote&gt;
 Please no, I just finished eating.</description>
		<content:encoded><![CDATA[<blockquote><p>please do not put his picture up….</p>
<p>EXIT QUESTION: Deserted island…..Helen Thomas or Barney Frank????</p>
<p>SDarchitect on January 22, 2009 at 4:22 PM</p></blockquote>
<p> Please no, I just finished eating.</p>
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		<title>By: PattyJ</title>
		<link>http://hotair.com/archives/2009/01/22/tarp-funds-go-to-the-politically-connected/comment-page-1/#comment-1805605</link>
		<dc:creator>PattyJ</dc:creator>
		<pubDate>Thu, 22 Jan 2009 22:02:00 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=41479#comment-1805605</guid>
		<description>So it&#039;s important to save a bank because of the color of, who, all their employees?  Owners, what?

The bank was probably set up to take advantage of the CRA money in the first place. Now they get another shoveful of dough!

Don&#039;t be too eager for 2012. By that time, our nation will be in a Depression, and all the pigs at the trough will vote in BO again.</description>
		<content:encoded><![CDATA[<p>So it&#8217;s important to save a bank because of the color of, who, all their employees?  Owners, what?</p>
<p>The bank was probably set up to take advantage of the CRA money in the first place. Now they get another shoveful of dough!</p>
<p>Don&#8217;t be too eager for 2012. By that time, our nation will be in a Depression, and all the pigs at the trough will vote in BO again.</p>
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		<title>By: batter</title>
		<link>http://hotair.com/archives/2009/01/22/tarp-funds-go-to-the-politically-connected/comment-page-1/#comment-1805590</link>
		<dc:creator>batter</dc:creator>
		<pubDate>Thu, 22 Jan 2009 21:58:02 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=41479#comment-1805590</guid>
		<description>&lt;blockquote&gt;Sounds so much like Atlas Shrugged…

Esthier on January 22, 2009 at 3:12 PM&lt;/blockquote&gt;
&lt;a href=&quot;http://online.wsj.com/article/SB123146363567166677.html&quot; rel=&quot;nofollow&quot;&gt;Stephen Moore thinks so&lt;/a&gt;.  I love the article&#039;s ending:
&lt;blockquote&gt;
David Kelley, the president of the Atlas Society, which is dedicated to promoting Rand&#039;s ideas, explains that &quot;the older the book gets, the more timely its message.&quot; He tells me that there are plans to make &quot;Atlas Shrugged&quot; into a major motion picture -- it is the only classic novel of recent decades that was never made into a movie. &lt;strong&gt;&quot;We don&#039;t need to make a movie out of the book,&quot; Mr. Kelley jokes. &quot;We are living it right now.&quot;&lt;/strong&gt;&lt;/blockquote&gt; A laughed when I read it, but he&#039;s right.</description>
		<content:encoded><![CDATA[<blockquote><p>Sounds so much like Atlas Shrugged…</p>
<p>Esthier on January 22, 2009 at 3:12 PM</p></blockquote>
<p><a href="http://online.wsj.com/article/SB123146363567166677.html" rel="nofollow">Stephen Moore thinks so</a>.  I love the article&#8217;s ending:</p>
<blockquote><p>
David Kelley, the president of the Atlas Society, which is dedicated to promoting Rand&#8217;s ideas, explains that &#8220;the older the book gets, the more timely its message.&#8221; He tells me that there are plans to make &#8220;Atlas Shrugged&#8221; into a major motion picture &#8212; it is the only classic novel of recent decades that was never made into a movie. <strong>&#8220;We don&#8217;t need to make a movie out of the book,&#8221; Mr. Kelley jokes. &#8220;We are living it right now.&#8221;</strong></p></blockquote>
<p> A laughed when I read it, but he&#8217;s right.</p>
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		<title>By: Mr_Magoo</title>
		<link>http://hotair.com/archives/2009/01/22/tarp-funds-go-to-the-politically-connected/comment-page-1/#comment-1805586</link>
		<dc:creator>Mr_Magoo</dc:creator>
		<pubDate>Thu, 22 Jan 2009 21:57:16 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=41479#comment-1805586</guid>
		<description>I always find myself waving back when I see that picture. He&#039;s just so darn cute!

(Did I just say that out loud?)</description>
		<content:encoded><![CDATA[<p>I always find myself waving back when I see that picture. He&#8217;s just so darn cute!</p>
<p>(Did I just say that out loud?)</p>
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		<title>By: 44Magnum</title>
		<link>http://hotair.com/archives/2009/01/22/tarp-funds-go-to-the-politically-connected/comment-page-1/#comment-1805553</link>
		<dc:creator>44Magnum</dc:creator>
		<pubDate>Thu, 22 Jan 2009 21:48:17 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=41479#comment-1805553</guid>
		<description>&lt;blockquote&gt;please do not put his picture up….

EXIT QUESTION: Deserted island…..Helen Thomas or Barney Frank????

SDarchitect on January 22, 2009 at 4:22 PM

&lt;/blockquote&gt;

I&#039;ll take &quot;Smothering Helen Thomas&quot; for $100 Alex.</description>
		<content:encoded><![CDATA[<blockquote><p>please do not put his picture up….</p>
<p>EXIT QUESTION: Deserted island…..Helen Thomas or Barney Frank????</p>
<p>SDarchitect on January 22, 2009 at 4:22 PM</p>
</blockquote>
<p>I&#8217;ll take &#8220;Smothering Helen Thomas&#8221; for $100 Alex.</p>
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		<title>By: AZ_Redneck</title>
		<link>http://hotair.com/archives/2009/01/22/tarp-funds-go-to-the-politically-connected/comment-page-1/#comment-1805541</link>
		<dc:creator>AZ_Redneck</dc:creator>
		<pubDate>Thu, 22 Jan 2009 21:45:38 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=41479#comment-1805541</guid>
		<description>&lt;blockquote&gt;P.S. The only solution:

Join your local board of education, city council, become a state rep, etc. We must educate our fellow citizens and get involved at every level, and not just during election time, all the time. But will we? No. There are not enough of us, too many of us just want to watch tv at the end of a long, hard day.

JustTruth101 on January 22, 2009 at 3:31 PM&lt;/blockquote&gt;

no its not ... 

&lt;blockquote&gt;That whenever any form of government becomes destructive to these ends, it is the right of the people to alter or to abolish it, and to institute new government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their safety and happiness.&lt;/blockquote&gt;

it&#039;s time to not stand for it &lt;em&gt;period&lt;/em&gt; and throw it off ...</description>
		<content:encoded><![CDATA[<blockquote><p>P.S. The only solution:</p>
<p>Join your local board of education, city council, become a state rep, etc. We must educate our fellow citizens and get involved at every level, and not just during election time, all the time. But will we? No. There are not enough of us, too many of us just want to watch tv at the end of a long, hard day.</p>
<p>JustTruth101 on January 22, 2009 at 3:31 PM</p></blockquote>
<p>no its not &#8230; </p>
<blockquote><p>That whenever any form of government becomes destructive to these ends, it is the right of the people to alter or to abolish it, and to institute new government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their safety and happiness.</p></blockquote>
<p>it&#8217;s time to not stand for it <em>period</em> and throw it off &#8230;</p>
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		<title>By: TrickyDick</title>
		<link>http://hotair.com/archives/2009/01/22/tarp-funds-go-to-the-politically-connected/comment-page-1/#comment-1805531</link>
		<dc:creator>TrickyDick</dc:creator>
		<pubDate>Thu, 22 Jan 2009 21:42:02 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=41479#comment-1805531</guid>
		<description>I suggest that all you of you use your constitutional right to bear arms.  Your probably going to need them in a year or so.</description>
		<content:encoded><![CDATA[<p>I suggest that all you of you use your constitutional right to bear arms.  Your probably going to need them in a year or so.</p>
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		<title>By: Just An Arbitrary Question: Where Did The Bank Bailout Money Go? &#171; Utah Rattler</title>
		<link>http://hotair.com/archives/2009/01/22/tarp-funds-go-to-the-politically-connected/comment-page-1/#comment-1805492</link>
		<dc:creator>Just An Arbitrary Question: Where Did The Bank Bailout Money Go? &#171; Utah Rattler</dc:creator>
		<pubDate>Thu, 22 Jan 2009 21:33:38 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=41479#comment-1805492</guid>
		<description>[...] Just An Arbitrary Question: Where Did The Bank Bailout Money&#160;Go? Posted in Uncategorized by utahrattler on January 22nd, 2009   A worthy question which is difficult to answer as there was no accountability built into the TARP bill.  The lack of accountability was, likely, intentional.  As people like the Wall Street Journal attempt to track the billions which have already been distributed, it has become clear that the TARP bill has been used as a pork distribution program, particularly for institutions that have key political connections.  Of course, such abuse is linked to none other than the congressman who got us into the sub-prime mess, Barney Frank.  However, it is certainly not limited to Frank and others are involved as noted by Hot Air&#8217;s Ed Morrisey. [...]</description>
		<content:encoded><![CDATA[<p>[...] Just An Arbitrary Question: Where Did The Bank Bailout Money&nbsp;Go? Posted in Uncategorized by utahrattler on January 22nd, 2009   A worthy question which is difficult to answer as there was no accountability built into the TARP bill.  The lack of accountability was, likely, intentional.  As people like the Wall Street Journal attempt to track the billions which have already been distributed, it has become clear that the TARP bill has been used as a pork distribution program, particularly for institutions that have key political connections.  Of course, such abuse is linked to none other than the congressman who got us into the sub-prime mess, Barney Frank.  However, it is certainly not limited to Frank and others are involved as noted by Hot Air&#8217;s Ed Morrisey. [...]</p>
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		<title>By: Rae</title>
		<link>http://hotair.com/archives/2009/01/22/tarp-funds-go-to-the-politically-connected/comment-page-1/#comment-1805462</link>
		<dc:creator>Rae</dc:creator>
		<pubDate>Thu, 22 Jan 2009 21:26:21 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=41479#comment-1805462</guid>
		<description>&lt;blockquote&gt;TARP funds go to the politically connected&lt;/blockquote&gt;

Well, there&#039;s a real shocker.  

And Geithner&#039;s in like Flynn.  Awesome.  Can&#039;t wait for him to oversee TARP 2.0 like he did 1.0!

And not for nothing but it seems Sanford&#039;s presidential campaign continues apace:

&lt;blockquote&gt;&quot;It&#039;s totally arbitrary,&quot; says South Carolina Gov. Mark Sanford. &quot;If you&#039;ve got the right lobbyist and the right representative connected to Washington or the right ties to Washington, you get the golden tap on the shoulder,&quot; says Gov. Sanford, a Republican.&lt;/blockquote&gt;</description>
		<content:encoded><![CDATA[<blockquote><p>TARP funds go to the politically connected</p></blockquote>
<p>Well, there&#8217;s a real shocker.  </p>
<p>And Geithner&#8217;s in like Flynn.  Awesome.  Can&#8217;t wait for him to oversee TARP 2.0 like he did 1.0!</p>
<p>And not for nothing but it seems Sanford&#8217;s presidential campaign continues apace:</p>
<blockquote><p>&#8220;It&#8217;s totally arbitrary,&#8221; says South Carolina Gov. Mark Sanford. &#8220;If you&#8217;ve got the right lobbyist and the right representative connected to Washington or the right ties to Washington, you get the golden tap on the shoulder,&#8221; says Gov. Sanford, a Republican.</p></blockquote>
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		<title>By: JiangxiDad</title>
		<link>http://hotair.com/archives/2009/01/22/tarp-funds-go-to-the-politically-connected/comment-page-1/#comment-1805458</link>
		<dc:creator>JiangxiDad</dc:creator>
		<pubDate>Thu, 22 Jan 2009 21:24:59 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=41479#comment-1805458</guid>
		<description>&lt;blockquote&gt;with respect

Skandia Recluse on January 22, 2009 at 4:21 PM&lt;/blockquote&gt;

I was for it too. My thoughts are the same.</description>
		<content:encoded><![CDATA[<blockquote><p>with respect</p>
<p>Skandia Recluse on January 22, 2009 at 4:21 PM</p></blockquote>
<p>I was for it too. My thoughts are the same.</p>
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		<title>By: SDarchitect</title>
		<link>http://hotair.com/archives/2009/01/22/tarp-funds-go-to-the-politically-connected/comment-page-1/#comment-1805446</link>
		<dc:creator>SDarchitect</dc:creator>
		<pubDate>Thu, 22 Jan 2009 21:22:23 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=41479#comment-1805446</guid>
		<description>please do not put his picture up....

EXIT QUESTION:   Deserted island.....Helen Thomas or Barney Frank????</description>
		<content:encoded><![CDATA[<p>please do not put his picture up&#8230;.</p>
<p>EXIT QUESTION:   Deserted island&#8230;..Helen Thomas or Barney Frank????</p>
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		<title>By: Skandia Recluse</title>
		<link>http://hotair.com/archives/2009/01/22/tarp-funds-go-to-the-politically-connected/comment-page-1/#comment-1805441</link>
		<dc:creator>Skandia Recluse</dc:creator>
		<pubDate>Thu, 22 Jan 2009 21:21:11 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=41479#comment-1805441</guid>
		<description>&lt;blockquote&gt;

Still waiting for any conservative in support of TARP back in October to come forth and admit they were wrong.

lorien1973 on January 22, 2009 at 3:18 PM
&lt;/blockquote&gt;

I&#039;ll take the bait.

In the initial days of the financial crisis I posted a comment (do I have to look it up?) supporting the idea of the federal government being the &#039;market maker of last resort&#039;. Where the feds would buy the apparently worthless paper at some discount from face value of that paper, and attempt, over time, to recover some residual value. A classic bankruptcy work out.

&lt;em&gt;After&lt;/em&gt; congress handed a blank check to the Sec. Treasury &lt;em&gt;then&lt;/em&gt; it turned into political pay off. Something I also have been warning about since it is the democrat party modus operandi. (Use the power of government to reward your party loyalists, and punish your enemies.

I will not admit to being wrong, however. The Federal Reserve has been the &#039;lender of last resort&#039;, allowing banks to present the paper the banks are holding as collateral against which the Fed will loan cash reserves.

Yet it is said that nothing has worked because the banks are not yet loaning money. The claim continues that the &#039;credit markets are frozen&#039;. Question: what happens when the bank cuts off your credit cards because you have maxed out your credit? Answer: you get more credit cards, yes?

So [Mr. Mrs. Ms] Lorien I continue to support the original TARP as it was presented. I do not support how it is being implemented. Because what was first suggest, and would probably have worked, has not yet been done, nor has it had enough time to work. 

with respect</description>
		<content:encoded><![CDATA[<blockquote>
<p>Still waiting for any conservative in support of TARP back in October to come forth and admit they were wrong.</p>
<p>lorien1973 on January 22, 2009 at 3:18 PM
</p></blockquote>
<p>I&#8217;ll take the bait.</p>
<p>In the initial days of the financial crisis I posted a comment (do I have to look it up?) supporting the idea of the federal government being the &#8216;market maker of last resort&#8217;. Where the feds would buy the apparently worthless paper at some discount from face value of that paper, and attempt, over time, to recover some residual value. A classic bankruptcy work out.</p>
<p><em>After</em> congress handed a blank check to the Sec. Treasury <em>then</em> it turned into political pay off. Something I also have been warning about since it is the democrat party modus operandi. (Use the power of government to reward your party loyalists, and punish your enemies.</p>
<p>I will not admit to being wrong, however. The Federal Reserve has been the &#8216;lender of last resort&#8217;, allowing banks to present the paper the banks are holding as collateral against which the Fed will loan cash reserves.</p>
<p>Yet it is said that nothing has worked because the banks are not yet loaning money. The claim continues that the &#8216;credit markets are frozen&#8217;. Question: what happens when the bank cuts off your credit cards because you have maxed out your credit? Answer: you get more credit cards, yes?</p>
<p>So [Mr. Mrs. Ms] Lorien I continue to support the original TARP as it was presented. I do not support how it is being implemented. Because what was first suggest, and would probably have worked, has not yet been done, nor has it had enough time to work. </p>
<p>with respect</p>
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		<title>By: originalpechanga</title>
		<link>http://hotair.com/archives/2009/01/22/tarp-funds-go-to-the-politically-connected/comment-page-1/#comment-1805429</link>
		<dc:creator>originalpechanga</dc:creator>
		<pubDate>Thu, 22 Jan 2009 21:17:46 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=41479#comment-1805429</guid>
		<description>&lt;blockquote&gt;Who’s watching for abuses?  No one.  Treasury has so far declined to explain their reasoning on how they spend TARP, and Congress keeps giving them more money anyway.  Even regulators don’t know how the system works.  Some banks get cash, while others get told to pound sand, even though they have healthier balance sheets than the lucky recipients.  The only conclusion anyone can reach is that some states have more political leverage in Washington than others.&lt;/blockquote&gt;

AND NOW WE KNOW WHY GEITHNER is NEEDED!!

He knows how to CHEAT and not get caught during the statute of limitations&lt;strong&gt;&lt;/strong&gt;</description>
		<content:encoded><![CDATA[<blockquote><p>Who’s watching for abuses?  No one.  Treasury has so far declined to explain their reasoning on how they spend TARP, and Congress keeps giving them more money anyway.  Even regulators don’t know how the system works.  Some banks get cash, while others get told to pound sand, even though they have healthier balance sheets than the lucky recipients.  The only conclusion anyone can reach is that some states have more political leverage in Washington than others.</p></blockquote>
<p>AND NOW WE KNOW WHY GEITHNER is NEEDED!!</p>
<p>He knows how to CHEAT and not get caught during the statute of limitations<strong></strong></p>
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		<title>By: genso</title>
		<link>http://hotair.com/archives/2009/01/22/tarp-funds-go-to-the-politically-connected/comment-page-1/#comment-1805408</link>
		<dc:creator>genso</dc:creator>
		<pubDate>Thu, 22 Jan 2009 21:12:59 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=41479#comment-1805408</guid>
		<description>stonemeister on January 22, 2009 at 4:10 PM&lt;blockquote&gt;

Finally, a ray of sunshine.  Thanks for that.&lt;/blockquote&gt;</description>
		<content:encoded><![CDATA[<p>stonemeister on January 22, 2009 at 4:10 PM<br />
<blockquote>
<p>Finally, a ray of sunshine.  Thanks for that.</p></blockquote>
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		<title>By: Geministorm</title>
		<link>http://hotair.com/archives/2009/01/22/tarp-funds-go-to-the-politically-connected/comment-page-1/#comment-1805401</link>
		<dc:creator>Geministorm</dc:creator>
		<pubDate>Thu, 22 Jan 2009 21:12:14 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=41479#comment-1805401</guid>
		<description>I think Barney is saying, &quot;What the heck, let&#039;s burn this mother down!&quot;

Pelosi, Reid, Frank, Obama, Brown...its paradise.

BTW, I&#039;m having a sale on pitchforks and torches (burning biodiesel shipped in from MN) in case anyone is in the market...</description>
		<content:encoded><![CDATA[<p>I think Barney is saying, &#8220;What the heck, let&#8217;s burn this mother down!&#8221;</p>
<p>Pelosi, Reid, Frank, Obama, Brown&#8230;its paradise.</p>
<p>BTW, I&#8217;m having a sale on pitchforks and torches (burning biodiesel shipped in from MN) in case anyone is in the market&#8230;</p>
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