WASHINGTON, DC, 05:44 PM, TUE FEBRUARY 9 | Advertise on Wonkette | tips@wonkette.com | SUBMIT A TIP | RSS
EXCITING EXPENSIVE ACRONYMS

  • TARP II HAS AN ACTUAL NAME!: Our Government Money People were at least smart enough to realize that sequels almost always fail to live up to originals, so — knowing how well original TARP has performed so far (yikes!) — they have avoided calling the new $800 billion money bonfire “TARP II,” which probably would have resulted in the immediate nuking of everyone. Instead, it is playfully called the “Term Asset-Backed Securities Loan Facility (TALF).” Ha ha, “Securities” was cut out because it would’ve ruined the acronym. Anyway: Insider beltway gossip suggests that TARP has already developed a gay thing for TALF. Go get ‘em, TARPy. [Federal Reserve]


2:36 PM on Tue November 25 2008
By Jim Newell
552 Views

  1. Sans the Diaper says at 2:39 pm, November 25th, 2008

    <—totally lost

  2. pattycake says at 2:41 pm, November 25th, 2008

    TANSTAAF TALF.

  3. JeffGoldblum says at 2:42 pm, November 25th, 2008

    TALF???? More like FALF!!!?

  4. bitchincamaro says at 2:42 pm, November 25th, 2008

    Wow. As soon as I opened the link, I fell asleep.

  5. JimNewell says at 2:43 pm, November 25th, 2008

    bitchincamaro: Oh come on! Federal Reserve press releases are the new Obama!

  6. IceCreamEmpress says at 2:44 pm, November 25th, 2008

    “TARP II: Electric Boogaloo” was the obvious choice.

    Or “Bride of TARP.”

  7. magic titty says at 2:45 pm, November 25th, 2008

    TALF?? A Termed Asset I’d Like to Fuck?

    Ok then.

  8. JeffGoldblum says at 2:46 pm, November 25th, 2008

    Jim Newell: Wonkette would have way better material if everyone voted for McKinney like I told them to… Just sayin’.

  9. shortsshortsshorts says at 2:46 pm, November 25th, 2008

    Why don’t they just call it “RAPE” or something?

  10. 4tehlulz says at 2:46 pm, November 25th, 2008

    Should be TALC - Traitorous Assholes Lacking Competence

  11. Theodorick Of York says at 2:48 pm, November 25th, 2008

    Next up:
    Term Asset-Backed Securities System to Help Overcome Liability Exposure.
    Yep, ASSHOLE!

  12. Larry Fine says at 2:48 pm, November 25th, 2008

    I’d like to get a naked Anne Coulter down on a TARP and show her whats what.

  13. TARP has already developed a gay thing for TALF

    Ok, but who’s on top?

  14. choinski says at 2:49 pm, November 25th, 2008

    Totally All Likely Fucked.

  15. SayItWithWookies says at 2:50 pm, November 25th, 2008

    They should’ve called it Temporary Housing Impact Viability-Enhancement Solution

  16. SayItWithWookies says at 2:51 pm, November 25th, 2008

    Dammit.
    Temporary Housing Impact Emergency Viability-Enhancement Solution

  17. BarthexDeRosa says at 2:51 pm, November 25th, 2008

    This is just Obama’s socialist plan to burn all the money in America, so we can all start over with the barter system of beads and wampum and such.

  18. Sounds more like Facility for Asset-backed Ill-considered Loans, if you ask me.

  19. lenorecutie says at 2:55 pm, November 25th, 2008

    Do you ever wonder who comes up with these names? Do you think that someone is getting paid $60K+ a year to create names that can be turned into cute little acronyms? Are they decided in a committee? Do they come to Paulson in a dream? How?

  20. ManchuCandidate says at 2:57 pm, November 25th, 2008

    TARP II: The Wrath of Paulson

  21. Instead of trying to reduce overnight lending rates in the hope of influencing longer-term interest rates for things like mortgages, the Fed is directly subsidizing lower mortgage rates. It is doing so by printing unprecedented amounts of money, which would eventually create inflationary pressures if it were to continue unabated. NYT
    OMFG. They are going to run the printing presses night and day. Now we can be a banana republic, with Osama bin Obama as our Generalissimo, as we move cash to the supermarket in wheelbarrows.

  22. Serolf Divad says at 3:27 pm, November 25th, 2008

    Might I suggest:

    Tarp II: The Revenge

    And then:

    Tarp III: The Final Chapter

    Followed by:

    Tarp: Resurrection

    Followed by:

    Alien vs. Tarp

  23. lenorecutie: How do they come up with these ‘nyms? They have a brainstorming session with all their top hotshot bureaucrat honchos: “Let’s call it ‘SABLET’–”No, too much like ‘tablet.’ It will remind people of an aspirin or maybe a placebo.” “Okay then, let’s call it “SLAFT,” and leave the ‘B’ out.”–”No, it sounds like a combination of ’slut’ and ‘Taft,’ and we don’t wanna remind peole of that stuff….etc.

  24. Mr Blifil says at 3:35 pm, November 25th, 2008

    I’m waiting for the bailout entitled MILF.

  25. p-Sludge ofTheElves says at 4:14 pm, November 25th, 2008

    Our first program was called TRAP, and its motto was
    “candy, little girl?”

    But we discovered it just didn’t go far enough, and so we have unveiled
    a new program we’ve named PITT.
    The motto we’ve chosen for this new program is
    “It rubs the lotion on its skin, or else it gets the hose again”.

  26. Beef Supreme says at 5:16 pm, November 25th, 2008

    Troubled Asset Relief Deployment.

  27. Scandalabra says at 6:12 pm, November 25th, 2008

    I am definitely not wonky enough to understand this post. But I shoplifted a steak today by placing it between my loins and just walking out of the store…

  28. grundle burrito says at 10:45 pm, November 25th, 2008

    I would totally bone TALF’s MILF.

Leave a Reply