Now let me get this straight about the TARP money

[Deja Q]

1. it goes to banks to keep them running
2. it's supposed to let banks lend more
3. it lets credit card companies triple interest rates, even if the person has good credit and pays their debts (any outstanding balance already giving them a not-uncomfy-profit
4. it lets credit card companies break "0% interest for 6 months" gimmicks

[Ruby the Liberal]

1. Did you hear? Ken Lewis is retiring from BoA in December with a $125mm parachute.

Edit to add: http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=385x382016

[Ironman3476]

3. What? You think new yachts and 15000sq. ft. houses are CHEAP?

[Mist]

2. I think of TARP as something to keep the banksters going. Not the economy, and certainly not

the rest of us--just the banksters. Apparently our economy depends on banksters throwing lavish parties and buying more summer homes.

Edited to add: Yes, golden parachutes--how could I have forgotten?

[girl gone mad]

4. Too Big To Fail is killing our economy.

Isn't that all you really need to know? These banks should not have been kept alive. They should have been allowed to fail or broken up, through nationalization or normal bankruptcy procedures. The money we pumped into giant zombie banks would have better served us in the hands of smaller local and regional banks.