Tag Archive: TARP

Where are your Tax Dollars Going?

mortgageBailout1

I am not sure how I feel about the idea of TARP which wikipedia defines as, TARP allows the United States Department of the Treasury to purchase or insure up to $700 billion of “troubled” assets. “Troubled assets” are defined as “(A) residential or commercial mortgages and any securities, obligations, or other instruments that are…