Okay, well Varney doesn’t exactly say that much. Still, whether done voluntarily or involuntarily, when banks accepted the TARP money, they did so without the absolute knowledge that the Obama administration would adopt Vladimir Lenin’s mantra of “the worse, the better,” (which translates, roughly, to “you never want a serious crisis to go to waste”) and change the rules as the economic downturn–crisis, I tell you!–progressed. At first, after all, these bailouts were short-term, taxpayer-funded loans intended to aid troubled businesses and lending institutions and to facilitate the flow of credit once again — now, it’s become apparent that the carrot was attached to a stick, and the disbursement of TARP funds were more the first step toward a controlling stake.
This money is supposed to come back to taxpayers. That’s the whole idea, and for that reason alone the Obama administration should accept whatever money now-reticent lending institutions are clamoring to return. Unless, of course, the Obama administration never intended to recoup the money in the first place. Unless, of course, the Obama administration was always more about using crisis to establish control over the banking industry.
Nah. That’s what a communist would do. This is Change We Can Believe In.