At some point in time, there will be a revolution...
Precisely as I predicted, someplace in the 'sphere:
In addition to the emergency loan package, officials are working with the finance arms of G.M. and Chrysler to convert them into government-regulated financial institutions, a designation that could make them eligible for separate loans from the Federal Reserve.
This is about Presidential abuse of TARP which will result in lending money to two walking bankrupts: GM and Chrysler. Since TARP has very specific definitions about who can get TARP money, the game here is to change GM/Chrysler into "financial institutions" under TARP's definitions.
HT: Hot Air
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This is such BS! When can we start lynching them?
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