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Scenes from the bailout

posted by Jason Kottke   Jun 22, 2009

In her own words, the wife of a CEO whose bank accepted TARP funds describes her hard times.

As you can see, being a TARP wife means, in short, making decisions according to a complex algorithm: balancing the need to look like your world hasn’t crumbled beneath you — let’s not alarm the investors! — with the need to appear duly repentant for your subprime sins.

I realize that happiness is relative when dealing with money and social status, but it was difficult to keep that in mind while reading this. (Yes, this article is a couple months old. Do not read if you’re allergic to information generated less than 30 seconds ago. Instead, you can check to see if the professor has given you another pellet yet.)