Pull Back the Tarp

Is anyone surprised, really surprised, that the Wall Street folks took our taxpayer bailout money and gave it to their already super-wealthy friends as bonuses? I sure ain’t. You cannot give a crack addict more crack and delude yourself into thinking he’s going to share it with others. Obama was right to express his anger at the misuse of the TARP money, but that doesn’t go far enough. While there may be no legal means by which he can claw back the compensation already paid, he can certainly place stringent conditions on the dispersion of future funds. The question is whether he has the will. Have a nice week-end everyone.