People’s Guide to Recovery Acronym’s
Carl Sandburg
“The People, Yes!”
“The People, Yes!”
The economic recovery program is creating new acronyms faster then Hank Paulson can spend a $100 billion of taxpayers money.
This is an modest attempt to develop a glossary of acronyms so taxpayers can keep track of where, how and who is spending the dough.
EESA: Emergency Economic Security Act
TARP: Toxic Asset Recovery Program
VEPP: Voluntary Equity Purchase Program
LIBOR: London Interbank Overnight Rate
FDIC: Federal Deposit Insurance Corp
SEC: Security Exchange Commission
The US passed EESA to legalize TARP and VEPP to lower LIBOR so the FDIC and SEC can help banks get us out of this xo#*!&^ mess.
Got it?
You Tube Video: Carl Sandburg: The People Yes!
Risk: language, communication, humanity