GeezerMan
Platinum Member
link
You see folks, it's fungible. So, you can't really trace it. All you can do is spray the area with Lotrimin..
During Tuesday?s White House press briefing, Press Secretary Robert Gibbs gave a convoluted answer to a reporter who asked why the hundreds of billions in TARP funds have not been tracked.
?I think that Treasury Department puts out monthly reports on the lending activities from banks,? he began. ?Again one of the suggestions was, in some ways being able to follow what might not be, according to us, followable. In other words you have the fungibility of money that is not put in a separate TARP lending account for the deposit and guarantee in Auburn, Alabama, for us to measure the increase in lending.
?The administration believes that that transparency is important but can be done better in measuring the increase in that lending. But it is going to be hard to follow, again, something as fungible as money moving from one bank to the other.?
You see folks, it's fungible. So, you can't really trace it. All you can do is spray the area with Lotrimin..
During Tuesday?s White House press briefing, Press Secretary Robert Gibbs gave a convoluted answer to a reporter who asked why the hundreds of billions in TARP funds have not been tracked.
?I think that Treasury Department puts out monthly reports on the lending activities from banks,? he began. ?Again one of the suggestions was, in some ways being able to follow what might not be, according to us, followable. In other words you have the fungibility of money that is not put in a separate TARP lending account for the deposit and guarantee in Auburn, Alabama, for us to measure the increase in lending.
?The administration believes that that transparency is important but can be done better in measuring the increase in that lending. But it is going to be hard to follow, again, something as fungible as money moving from one bank to the other.?
