tagged w/ We the Victums
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Even as the media continue to repeat the claim that credit has frozen up, evidence has emerged suggesting the entire story is wrong.
There is something approaching a consensus that the Paulson Plan -- also known as the Troubled Asset Relief Program, or TARP -- was a boondoggle of an intervention that's flailed from one approach to the next, with little oversight and less effect on the financial meltdown.
But perhaps even more troubling than the ad hoc nature of its implementation is the suspicion that has recently emerged that TARP -- hundreds of billions of dollars worth so far -- was sold to Congress and the public based on a Big Lie.Even as the media continue to repeat the claim that credit has frozen up, evidence has... more
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Many people are confused as to the reason why the markets are falling day after day without any real relief. Why are the declines in the market so orderly and smooth? Why hasn't there been a crash, which in theory would mean that there might be an actual bottom?Many people are confused as to the reason why the markets are falling day after day... more
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