Who Needs Oversight, When You’re Spending Money You Don’t Have?

According to the GAO, TARP (the gazillion dollar Troubled Asset Relief Program) is seriously lacking in oversight. Why? Because of a single Senator’s anonymous block on the program’s IG (Inspector General) nominee.

Sen. Max Baucus, the fellow who made sure the TARP bill provided for an IG, isn’t too pleased. And that brings me to my latest limerick:

I’m never a person to carp,
But nobody oversees TARP.
One anonymous “hold”
Stopped the process out cold
Of confirming an IG who’s sharp.

Tags: , , , , , ,

4 Responses to “Who Needs Oversight, When You’re Spending Money You Don’t Have?”

  1. Steve Bates says:

    Here’s what they mean when they talk about…


    The bailout bigwigs won’t repent:
    Another trillion dollars spent,
    Yet still there’s only economic blight.
    They obfuscate the things we see
    And hide the rest in secrecy…
    Then say, “It must have been an oversight!”

    – SB the YDD

  2. madkane says:

    Love your verse. Thanks Steve!

  3. I am so tired of the politicians suggesting that we not waste the people’s money. The U.S. Government is not issuing any bonds for these billions. They are simply printing, and printing and printing! It is fiat money. It is a false economy money!

  4. Bill Zucker says:

    Happy Holidays to EVERYONE….Im glad to hear my new song…TARP SONG…..is going over so well….Im getting alot of requests for the lyrics so I will post them here…If you havent heard the TARP SONG…you can hear it on cnbc.com…keyword holiday bailout songbook…but WARNING..the song will be stuck in your head for DAYS…ONLY CURE./….downloading it from amazon.com….MP3.
    Bill Zucker

    pick it up at itunes,amazon,etc. under TARP SONG

    I WANT SOME TARP c2008
    words and music by Bill Zucker

    Well I am just a poor boy from the streets of Tennesee
    I work real hard to pay my bills but its too much for me
    I lost my job..they took my home…Im down on my knees
    but I heard about this place where money grows on trees

    I want some tarp
    they’re gving money away for free
    I want some tarp
    save a little bit for me
    from Boston to Seattle … across this great big land
    tuck your head between your legs…..and take it like a MAN

    Im packing my belongings off to Washington D.C.
    Theyre printing money left and right
    and I want a stack for me
    Ive got an idea that just might work with what theyve gave the companies
    Give everyone a brand new car …insured by AIG


    Whats with all these bonuses theyre giving to the rich
    theyre fillin’ up their pockets walking way without a hitch
    ive gotta grab myself some TARP
    cause I hear its going fast
    now I know why they call it fanny ’cause their heads are up their…


    Email us at: bzuck2007@yahoo.com
    Visit us at: hear it at cnbc.com…keyword bailout song