The TARP-May-Produce-a-Profit Meme can now be laid to rest

Duff and Phelps, which tends to be the rating agency you go to if S&P or Moody’s won’t rate you highly enough, provides a convenient evaluation table (p. 22 of this report) for the marvelous negotiating techniques and acquisition skills of the previous Administration.

Since the current Administration is now threatening to continue with the same effort, any cause for optimism is sadly misplaced.

(h/t Joseph N. DiStefano)

Update: DOLB
I apologize if Ken minds me adding this, but Elizabeth Warren talked about exactly this last night on Rachel Maddow’s show.

Visit for Breaking News, World News, and News about the Economy