Risk Rap

Rapping About a World at Risk

People’s Guide to Recovery Acronym’s

Carl Sandburg
“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

Advertisements

October 14, 2008 Posted by | EESA, Paulson, poetry, SEC, TARP | , , , , , , , , | Leave a comment