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Administration Poised to Extend TARP as Sunset Date Looms

Submitted by bobbyw24 on Fri, 11/20/2009 - 07:42
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The Obama administration is leaning toward extending the $700 billion Troubled Asset Relief Program (TARP), which is set to expire at the end of this year, through next October, according to reports from several news outlets.

Government sources told the Washington Post that the administration is grappling with how best to announce a continuance of the financial bailout program, which has become increasingly unpopular with Main Street America. The paper said officials are hoping to temper any opposition by pledging to put the leftover TARP funds, roughly $300 billion, toward reducing the $12 trillion national debt.

http://www.dsnews.com/articles/administration-poised-to-exte...

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bump

Submitted by meekandmild on Fri, 11/20/2009 - 08:46.

...............................................................

One success after another

Submitted by scdecade on Fri, 11/20/2009 - 07:49.

Boy, we've got ourselves some real winners in charge. Why fix what's not broken?