Spreading the TARP

Comin' over the airwaves the man says I'm overdue
Sing a song, send money, join the chosen few
--Bruce Hornsby and the Range

On p.2 of this missive, Pepe demonstrates bureaucratic 'logic' in its documented glory.

Of the jaw droppers peppering this report, the winner is perhaps this one:

"Stated another way, even if TARP saved our financial system from driving off a cliff in 2008, absent meaningful reform, we are still driving on the same winding mountain road, but this time in a faster car." (p. 6)

I find this a remarkable statement for a government doc.

Doubt the 'reforms' they have in mind mesh well w/ the forces that want to clear this market.