Don’t shoot the messenger Wise man. Take it up with folks from FASAB who use the term TARP when referring to the SPS in the October 2008 FASAB meeting posted last year by 955. The meeting minutes I posted only further insinuate this is the case since they are discussing the accounting of treasury’s actions following the passage of The ESA act. Also if you read closely you will see that no money was allocated by Treasury for the commitments (13 Billion for Freddie) until after Congress appropriates a $700 Billion blank check for Treasury to use for economic stabilization activities in October of 2008. I am speculating based on what is written. You being the wise man with super accounting powers and a far greater understanding of the principals could read through Treasury’s Financial statements and consolidated balance sheets to see where they actually got the money for the SPSPAs. All the documents are public. I don’t mind being wrong. I usually am, I am just trying to understand.
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