So, after all that, WHY did Hank Paulson NEED a get out of JAIL card along with TRAP?
What are you talking about? It's the Congress that routinely exempts their members from the laws they pass...
But if if Paulson somehow managed to get a "get-out-of-jail-card" (can we see it?) - good for him - it's probably a good enough insurance from the stupid liberals who always wanted to put George W. Bush, Dick Cheney, Donald Rumsfeld, John Ashcroft, Alberto Gonzales, Ben Bernanke and just about everybody else in Bush / Republican administration in jail for all kinds of "crimes" and other "illegal" acts. (They succeeded to finagle one, with I. Lewis Libby).
If it was all so “legal”, he didn’t need that at all, now did he?
Isn't that like saying that if you were innocent, you wouldn't need a lawyer or would not get accused [of something] in the first place?
Can you say what exactly was "illegal" about TARP? Bush administration / Treasury and the Fed specifically went to the U.S. Congress to get authorization for specific temporary use of loans for up to $700B (and have used less than $450B). The Congress self-righteously "fiddled" for a few weeks before condescending to TARP, while the banking system and businesses who could not get credit for payroll and other operating expenses, were "burning" around them.
A TRAP of never ending debt that will blow up.
Again, what are you talking about? Are you sure you are not confusing TARP and the Fed with the Congress and the Executive "minting" the debt through various "stimulus" packages like the Porkulus, and other budget and off-budget spending?
Good stuff CutePuppy. Counting you, there are about four members of FR who understand TARP.