TARP, the Troubled Assets Recovery Plan, legal-ese for the “Bailout”.  If you have ever filled out a loan application, was it ever easy?

My last major purchase I had to promise to give them a quart of blood or my first male born.  In other words it was a trying and complicated ordeal.  But the group that fleeced the American taxpayer out of billions had it much easier than “Joe Sixpack” has ever had it.  When will the American people wake up and smell the damn coffee?

Below is the application that an institution needs to fill out to receive billions of dollars of taxpayer money.  There is more paperwork to buy a TV than to get billions.  Why is that?

Please complete the following information and follow the submission instructions as described
on your Federal banking agency’s website. In addition to completing the information on this
form, please provide a description of any mergers, acquisitions, or other capital raisings that are
currently pending or are under negotiation and the expected consummation date (no longer than
1 page).
In the event the applicant files an application with the appropriate Federal banking agency
prior to the availability of the investment agreement, the applicant must file an amended
application which includes updated responses to any items in the application that required prior
review of the investment agreement.
Institution Name:

Address of Institution:

Primary Contact Name:
Primary Contact Phone Number:
Primary Contact Fax Number:
Primary Contact Email Address:
Secondary Contact Name:

Secondary Contact Phone Number:

Secondary Contact Fax Number:
Secondary Contact Email Address:

Page 2

RSSD, Holding Company Docket
Number and / or FDIC Certificate
Number, As Relevant:
Amount of Preferred Shares
Requested:
Amount Of Institution’s Authorized
But Unissued Preferred Stock
Available For Purchase:
Amount Of Institution’s Authorized
But Unissued Common Stock:
Amount Of Total Risk-Weighted
Assets As Reported On The
Holding Company’s Or Applicable
Institution’s Most Recent FR-Y9,
Call Report, Or TFR, As Relevant:
Institution Has Reviewed The
Investment Agreements And
Related Documentation On
Treasury’s Website (Yes/No):

Describe Any Condition, Including
A Representation Or Warranty,
Contained In The Investment
Agreements And Related
Documentation, The Institution
Believes it Cannot ComplyWith By
November 14, 2008 And Provide A
Timeline For Reaching
Compliance1:
Type of Company2:
Signature of Chief Executive
Officer (or Authorized Designee):
Date of Signature:

You mean NOTHING to the people in charge!  You are their cash cow.  Is it not about time to get angry?  You wanted change and you got screwed!  Smile!  It ain’t over yet, but the next time bring your vasoline, maybe it will not hurt so bad.