TARP – Troubled Assets Relief Program – is not an acronym that has yet made its way across the Atlantic in a big way. But it surely won’t be long coming because yesterday it reached me, in the form of an email from Michael Jennings, containing this, which is a pictorial explanation of what it means. Apparently, some of MJ’s Aussie stockbroker mates have been circulating this amongst themselves. A few seconds of googling also got me to a TARP song.
Obviously sanity is losing all the policy battles at the moment, big time, but at least sanity is speaking – and singing – out, and may yet win the ideological war. As I said in a comment on a recent Johnathan Pearce posting here, this bodes well for our great grandchildren, if not for our children.