Tuesday, December 23, 2008

Money for nuttin' and chicks for free

from the Rachel Maddow Show:

But first, I here by announce the formation of the “first national bank” of THE RACHEL MADDOW SHOW. We are turning this television show into a bank, maybe a bank holding company.

And you will be happy to hear that we are in really, really sorry shape as a bank. We are an awful bank. We are a terrible bank. We are totally on the verge of tanking as a bank. So, therefore, we will need to fill out an application for federal assistance for the “first national bank” of THE RACHEL MADDOW SHOW.

Then, I think, step two, probably we‘ll just go ahead with plans for the big holiday party. No need to delay. No need to hold back.

See, the application for free money from the government if you‘re a bank, it‘s quite literally two pages long. I thought that was a joke until I went online and I downloaded it. If you google TARP application, it just comes right up first thing and here it is. All two pages. The first page consists entirely of lines where they ask you to fill in the name and address of the bank and a primary and secondary contact person. That‘s half the application done right there.

The second half of the application? Well, let‘s do it, right? Ask for the registration number for the company up there at the top, and then the next three lines are essentially questions about how much government money you want. This next line is, essentially, how is your balance sheet. Then there‘s a “yes or no” question about whether you have gone online and read the small print at the Treasury Department‘s Web site. Yes, right, like people read that stuff, like checking that little box when you download software. Yes, sure, I read all these conditions.

The next line is, essentially, anything else we should know? And then, down at the bottom, this is—actually, this is a really tough one. Down at the bottom, they say state the type of company you are. Oh, proving.

Then, there‘s a line for the date—that‘s a hard one—and a line for the boss‘ signature. And actually, you don‘t even need to provide the boss‘ signature if you don‘t want to. It says boss‘ signature or the signature of a designee. You know, just for hoots, when we do the “first national bank” of THE RACHEL MADDOW SHOW application, I‘m going to say that Bilbo Baggins was our CEO‘s designee and just sign that name just to see if they even notice.

That‘s it actually. That‘s the whole two pages. That is the full application process for a piece of the $700 billion worth of our money that the government is doling out.

... more on Crooks and Liars after the click.

My comment: Actually the file is six pages but four are the instructions and guidelines for filling out the two page application. Real people and real companies that produce real products need not apply. It's just part of the "You're On Your Own" society.

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