02/09/2009
TARP EXPLAINED it is really a financial assets reevaluation and transfer system
Now why would a smart man like Hank Paulson go and name his plan TARP, Troubled Assets Relief Program. Now any one knows there can be no such thing as an asset that is suicidal or suffers from a adjustment disorder, even though we know many of the assets of the American are suffering from just such an episode. But words can be deceiving and TARP by its name sounds like you are trying to hide something, by covering over it with a tarp. So here I go out on a limb and propose a new name for the plan. I think we should call Mr. Paulson's plan "Financial Assets Reevaluation and Transfer System", here now, it explains everything. That the financial assets of the bank are being reevaluated and are being transferred to the government, and the acronym "FARTS" can be clearly understood by any lay person in the country. At least we Americans will know what we have got.
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