SIGTARP

[unixronin]

I'm not sure what SIGTARP should signify in computer terms.  But it would probably be something bad.  Probably related to SIGFAIL.

In this case, though, SIGTARP refers to the Inspector General of the Troubled Asset Relief Program, who has just released the latest official SIGTARP quarterly report.  I'll refer you to cipherpunk for a direct link to the report, in PDF format, and the executive summary on page 6 of the report (not least because if you're not already reading cipherpunk's journal, you probably should be).  But the capsule summary is that, just as many of us predicted, not only did TARP not really fix anything — in fact, the report states that TARP has not achieved any of its stated aims — but in fact it made matters worse.

"We're from the government, and we're here to help."

Comments

[echristo.livejournal.com]

You've made an almost willful misreading of the executive summary there. It states that if reform isn't acted then we're merely treating the symptoms instead of the root cause. We most assuredly need reform in this area, but you can't have it both ways; if the wheels had completely fallen off then there would be nothing to reform. In addition it quite clearly states that some of the goals have been met.

Not that there aren't problems, I don't think anyone is happy with the current state.