Troubled Asset Relief Program

Questions, Partisan Demands Surround Financial Bailout 

The mother of all bailouts is upon us — the only question now is who gets a life jacket, and who doesn’t. We may not yet have details on the plan to create a “troubled asset resolution program,” or TARP as some are now calling it, but it hasn’t taken long for Congressional Democrats to weigh in on the matter — various published reports Friday said that Democrats have demanded that any plan to created an entity to buy up bad bank assets be tied to further mortgage relief for troubled borrowers.