Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Printing money to give to bankers is also flat, unadulterated theft.


Pop quiz: Which administration passed TARP?


<spoiler>

The Bush Administration, before Obama was elected.

</spoiler>


Bonus question: Which Senator who became a President voted for it?

(Cheet sheet: http://www.senate.gov/legislative/LIS/roll_call_lists/roll_c...)


Sigh. Lots of senators voted for it, because at that point in time, with everything falling down around our ears, it was the safest move, flaws and all. That particular situation was actually bad enough that a majority of Congress forgot about partisan silliness for a second. Unbelievable, I know. Last I knew, the overwhelming majority of the money had been paid back.

Anyways, score 1 point for you, you can take that one right on to Fox News.




Consider applying for YC's Fall 2025 batch! Applications are open till Aug 4

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: