Let's Use TARP Profit For Infrastructure

At least we got something back and then some from these corporate welfare queens. Whatever money the sacred 2% get to pocket is usually lost forever. And don't get me started about so-called "job creation." Now let's put that cash to work for the middle class instead of letting the Republicans stuff it into the bloated defense budget.

POLITICS: TARP, a Love Story
by A Lawyer And A Politician Walk Into A Bar on Wednesday, December 12, 2012 at 2:33am •

When the Troubled Asset Relief Program (TARP) was signed into law in 2008 to bail out the financial industry including AIG, it was about as popular as a skunk at a picnic. A majority of House Republicans railed against it and voted against it. It continued to be a rallying cry for fiscal conservatives through the midterm elections in 2010. A taxpayer even petitioned the Supreme Court to declare the bailout unconstitutional. Wonder why no one is making much noise about TARP these days?

Treasury Secretary Tim Geitner has the answer. Turns out that TARP was a pretty good investment for the U.S. Treasury Department, which will sell all of its remaining 234.2 million shares of American International Group Inc. at $32.50 per share in an underwritten public offering.

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http://www.lawyerpolitician.com/tarp