TARP as conceived by Paulsen and passed by Congress was supposed to buy up the toxic mortgage-backed assets that were petrifying financial houses’ balance sheets. But as soon as the Obamanistas took over, they converted the TARP funds into indefinite-term subsidy/loans which they would not let the bankes repay, while not removing the toxic debt. And so long as banks are stuck with the money, Obama and Geithner have them by the short hairs.

Oh, and some of the TARP money, in complete disregard of the appropriating act, was spent on GM and Chrysler- and in concert with the Stepford Wife TARP-recipient banks was used to effect the government?UAW takeover of those companies.

None of this has anything to do with the subsequently-passed Porkulus

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“Poor Citizen, aren’t you aware of the “run” on the market in September of ‘08, in the amount of 5 BILLION dollars that threw the fear of God into Bush?”

It was 500 billion, and could have run beyond 2 trillion had Bernancke and Paulsen not closed the markets. While one is reminded of Soros’ previous stunts, even he doesn’t have that kind of money: this was a nation-state. Who? The Chinese? Absolutely not. Chaos in US financial markets and a plunging dollar is Beijing’s worst nightmare. Who else has that much in US currency holdings to dump? Petro-states. To date, nobody knows which one(s): but make no mistake, it was a deliberate Pearl Harboring of the American financial system.

Not that Soros is innocent: there is very good reason to believe he and his hedge funds were behind the collapse of Lehman Brothers.