- Jan 28, 2005
- 2,146
- 26
- 91
Just when you thought we might get some of the TARP funds back, comes the idea to use it for other bailouts. Main Street, huh, how much will go to the small businessman and how much to the fat cats?
Yeah, I know, it's only 2 billion dollars.
"As long as there is a long list of people out there with their caps in hand, why should everyone else be getting a free run?" Larry Gluck of Stellar Management told the New York Post. "If it staves off some bank foreclosures, it is good for real estate and good for tenants."
"Uncle Sam has become America's No. 1 sugar daddy in his attempt to stave off the Great Recession. The banking, insurance and automobile industries have already received generous sums of money to save our economy. Now real estate developers and landlords may be the next in line to get some hefty change from the government via a bill -- TARP for Main Street Act -- going through Congress. "
Link
Yeah, I know, it's only 2 billion dollars.
"As long as there is a long list of people out there with their caps in hand, why should everyone else be getting a free run?" Larry Gluck of Stellar Management told the New York Post. "If it staves off some bank foreclosures, it is good for real estate and good for tenants."
"Uncle Sam has become America's No. 1 sugar daddy in his attempt to stave off the Great Recession. The banking, insurance and automobile industries have already received generous sums of money to save our economy. Now real estate developers and landlords may be the next in line to get some hefty change from the government via a bill -- TARP for Main Street Act -- going through Congress. "
Link
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