Thursday, September 24, 2009

Another Reason 2010 May Not Be So Great-Hooked On TARP

"There's no question that the Troubled Asset Relief Program is going to be extended into next year. Some members of Congress may not like it, but the financial sector and by extension the economy are addicted to TARP."

Visit Hooked On TARP! at TheStreet.com for the full article.

Investing lesson:

Ask yourself if you believe that continuing to run up TRILLION dollar debts for the U.S.A. is a positive for the country and financial markets. While it "might be" short term, I believe this “over- stimulated chicken” will come home to roost in a not so pretty, tornado-damaged economic hen house somewhere in the future.