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Loan Modification

: Mortgage Lender Implode-o-Meter

Was the TARP a Ruse?

By Implode-Explode Heavy Industries

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``In Bailout Nation, we discuss the possibility that The TARP was all a giant ruse, a Hank Paulson engineered scam to cover up the simple fact that CitiGroup (C) was teetering on the brink of implosion. A loan just to Citi alone would have been problematic, went this line of brilliant reasoning, so instead, we gave money to all the big banks.''

Full post as published by Mortgage Lender Implode-o-Meter on June 09, 2009 (boomark / email).

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Related Law Articles

Emergency Economic Stabilization Act of 2008
Bailout Bill HR124

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