Bowl Day

 It's all football today! And that is a good thing.  Between games, the laptop comes into play.  I hate it when I find things that kick my blood pressure into the red zone, though.

Merrill Lynch Exec Uses TARP Funds To Buy $37 Million Apartment

Your tax dollars at work: Former Merrill Lynch executive pays 37 million for NYC apartment (with taxpayer money). He worked there 3 months, received $25 million bonus from TARP funds, quit, [...]

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The Auto Bailout

As I write this, the TV machine is talking as if the Bush Administration is going to hand millions of dollars in TARP funds over to the Big 3 automakers, since the Senate failed to approve the bailout plan last night. Honestly, I'm torn on the entire deal.  I'm fearful of the snowball effect through our already struggling economy if the automakers shut down. On the other hand, I'm growing weary of Washington writing big checks to struggling companies. And there is a lot of chatter this morning that using the TARP money for this purpose could be illegal.