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Originally Posted by Barefootsies
Actually I did hear that this past week.
There apparently is discussion to keep the money liquid, and to use it for other plans. I do not recall the endless things mentioned. But it was something about small business, and losing up credit. Schools, and some other programs.
If I remember correctly. The Republicans simply wanted to pay down the debt of their former president. But I just caught the tail end of the story. However, I am sure there is still plenty more partisan bickering to go on for 2010....
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I also read some good stuff this week about how the administration is considering not accepting the full TARP repayments from some banks. If they take the money and are paid back in full then they have no say in how the banks run. They want to keep a hand on the banks so they are considering not accepting the full payoffs so that they still have some control over them.
The idea, at least that this article put forth, was that there are a lot of banks out there making a lot of profit, but they aren't lending much money. If the government still has a hold of them they can kick the lending up and force them to make loans to business and consumers. If they take the money back then the banks are free to do as they want and they can just sit there and continue to rake in the profits from interest and late fees and not loan anything out.