Where Did the TARP Money Go?

[Tsing Tao]

If you want a comment from me, or my opinion, think about what you are saying before you post it, and don't make absurd comments such as: "So the government has the responsibility to now step in whenever a stock begins to decline to prevent investors from price risk?"

If you don't want me to make comments like that, don't support absurd actions with your commentary in the first place. Cheering the government action on AIG as a support to the stockholders because they buoyed the price will obviously yield a comment on whether you support the government intervening in stock prices to protect investors from risk! Duh!

I read the entire Ritholtz commentary last night. My thoughts are the same as those who commented on his original commentary in the "Big Picture". It's ridiculous. Is this guy a lunatic? As far as the section 382 ruling goes, what the treasury ruled is the only ruling they could make. Otherwise you get an absurdity. Treasury's comments on this are available on the Treasury website for anyone interested in the details.

Ah yes, those who commented. As I see it, some were in support, some not. Some real winners in the comments, though. I particularly liked the whole "insolvency aint bankruptcy". That type of word play is just up your alley.