The Exquisite Contrarian

Who says the taxpayers can’t make some money on this TARP thing?  The feds definitely don’t. Too bad it’s not $8 trillion we’re getting back.

It turns out that the efforts to prop up AIG are also working out much better than expected. AIG still owes the Fed and the Treasury a combined $127 billion. But—surprise!—AIG is paying a lot of its debts back. And theres a not too far-fetched scenario in which we come close to breaking on our [...]

House Republicans take their ball and go home while Democrats can’t even pull a simple majority to push through TARP. Will Americans look back at Congress’ total ineptitude at this critical moment as the first step toward a complete financial meltdown?