Wednesday, November 26, 2008

Terms, part 2

I thought that applying to the Treasury Department's haphazard relief program as an individual, or first incorporating myself and then applying, would make for an interesting bit of humor and perhaps get me a form rejection letter as a memento, but being lazy I figured it wasn't worth the paperwork.

But lo and behold, although I've missed the deadline, the paperwork is a mere two pages. As DealBook points out, it's shorter than the average home mortgage loan application. And that's a bit of black humor in and of itself, and I don't care to try and top it.

Someone commented on the DealBook post, saying that Peter Solomon, since he's an investment banker and all, has no right to offer suggestions or critiques on the economy, and in fact has left his time-out corner without permission and will be consequently be banned from recess. In response, the government has decided to continue the trend of appointing officials with no supervision and giving them Russian-sounding titles like 'John P. Walters, Drug Czar' and 'Energy Czar' and 'Henry Paulson, Secretary of the Treasury, Dark Lord of the Troubled Asset Relief Program, Doom of Men and Elves Alike', and appoint Joe the Plumber to 'unclog America's stopped-up credit markets.'

Blame is stupid. TARP is stupid. Why a federal agency specifically tasked to deal with this hasn't been formed, as has been suggested both in Solomon's post above and by others is mindboggling.

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