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Ranking House Republican: "No TARP Funds for GM"

 
The_Venerable
User ID: 412220
United States
11/12/2008 12:13 PM
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Ranking House Republican: "No TARP Funds for GM"
Ranking Republican member of the House Budget Committee, Rep. Paul Ryan from Wisconsin, just said on CNBC that his interpretation of Treasury Sec. Paulson's speech this morning focused on a limitation of TARP funds. In particular, he stated that it's his belief that TARP funds will not be given to automakers (in particular GM).
Anonymous Coward
User ID: 373696
United States
11/12/2008 12:16 PM
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Re: Ranking House Republican: "No TARP Funds for GM"
Pardon my ignorance, but what's TARP? I keep hearing it, but missed something.

Is this the bailout money congress allocated a month or so ago, or something else?
The_Venerable (OP)
User ID: 412220
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11/12/2008 12:19 PM
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Re: Ranking House Republican: "No TARP Funds for GM"
Pardon my ignorance, but what's TARP? I keep hearing it, but missed something.

Is this the bailout money congress allocated a month or so ago, or something else?
 Quoting: Anonymous Coward 373696


Troubled Asset Relief Program.

aka The $700 billion Bailout.
Anonymous Coward
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11/12/2008 12:20 PM
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Re: Ranking House Republican: "No TARP Funds for GM"
Pardon my ignorance, but what's TARP? I keep hearing it, but missed something.

Is this the bailout money congress allocated a month or so ago, or something else?


Troubled Asset Relief Program.

aka The $700 billion Bailout.
 Quoting: The_Venerable 412220

Thanks!
Anonymous Coward
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11/12/2008 12:20 PM
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Re: Ranking House Republican: "No TARP Funds for GM"
If Gm goes under will my car note go away or will someone else buy them off Gm?


I got an offer in the mail about a month ago ta refi with a bank out of Houston texas


That did send a red flag up that Gm was in trouble
Anonymous Coward
User ID: 418693
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11/12/2008 12:20 PM
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Re: Ranking House Republican: "No TARP Funds for GM"
Yeah that's what Paulson pretty much said. Any economic stimulus or auto maker bailout is NOT covered under TARP. "TARP is for financial services only"...nice huh?
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