bungaloo

How Are Banks Spending Bailout Money? Anyone's Guess

Shepeople...No joke was intended. Everyone wants to know where the TARP money went. Re-read this piece and the quotes the author uses. He wants to know, specifically, where the money from the TARP is going. Unless you set up a TARP bank that only has TARP money, this is impossible to do hard stop. Anyone that asks this question and expects a definitive answer does not know anything about how a bank operates.

How Are Banks Spending Bailout Money? Anyone's Guess

I am sorry but do you really think any of the banks can provide dollar tracking for this? It goes to one big pot. They could not tell where the $10,000 they lend someone for a car came from. Can you tell whether the $4 you paid for your Starbucks this morning came from this weeks pay, last weeks pay, your wife's pay or the dividend you received last week? One of the first things we learn about banking is that the $5 bill grandma gave us that she wrote Happy Birthday on is not the same bill we will get back once we deposit it into a bank. Why should the TARp money be any different?