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Confessions of a TARP Wife
Eating lasagna and watching Law & Order reruns may be routine for millions of Americans, but an anonymous TARP wife describes her initiation into such rituals in the latest issue of Condé Nast Portfolio. Other sacrifices? “I drive the family crazy by switching off the lights every time we leave a room. Needless to say, we fly commercial.” Crying a river yet? “We’ve picked up new habits, like making donations anonymously and sneaking in late to black-tie galas after society photographer Patrick McMullan has packed up his camera and gone home. We now regularly turn down the invitations we receive from museums and arts organizations that will inevitably be followed by a request for funds.”



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hivanh
Is someone going to get this heart-rending story off to Jon Stewart or Stephen Colbert, FAST? Life is so hard in America, right now that we need all the humor we can find. Is she also drinking her Starbucks in brown paper cups? Shampooing her own Portuguese Water Dog? Only washing the Rolls once a week? Let go the fourth illegal Ecuadoran gardner? Bought toenail polish at Wal-Mart?
connie47
Just when we hadn't heard from the Madoff-whiner for a while, along comes the TARP wife. Enough, TDB.
LOL at the toenail polish at Wal-Mart line. Good one.
springsjulie
Geez, I read the whole story on Conde Nast. What a whiner. The actual real working people who have lost jobs, homes, and their retirements isn't even on her radar. She can only whine about having to eat in more often and sneaking into society dinners after the photogs have left. Who cares? When her husband actually loses his cushy job and they have to move into a tiny apartment because they lost their zillion-dollar penthouse, then she can write as if she is one of "us".
The rich really are different from you and me: they don't even know we exist.
kblog123
I am almost without words after reading this article. In fact I am so overwhelmed by her hardships I can barely go on. I do have some easy, very delicious pasta recipes if she needs them. See I had to learn how to be a gourmet cook since the catered dinners were never in the budget . I just want "Tarp Wife" to know we are all with her and I think her cause could be better advanced if she revealed her name. By the way, engaging writing, would love to know her education!!!!!!
MaliciousDisorder
I'll bet your really glad you gave all that money and voted for Obama. He's doing such wonderful things for for Americas travel, banking, greed and other industries.
If you continue to contribute to Chuckie Schumer & company. you'll be able to attend those parties without the back lash.
I'm sure congressman Barney Frank and company has a party or two you can attend. After all, he forced your bank to lend money to people that can't pay back. Forget that he's blaming your wimpy husband who doesn't have the balls to stand up and fight back. He'll appreciate your money. And Senator Dodd ? Wow ! He'll be glad to have you at one of his parties. I hear he's taking out of state support. No back lash there.
Theirs many opportunities for you to show off your closet wardrobe. I'm sure all the attendees will love showing off their closet leftovers also.
I'm Looking for financial sponsors to help launch heavy metal band. You can invest in my radio,TV time, advertising, and touring program. I can assure you no one will ever know your involved and if the band hits huge you'll make your money back ten fold. Lets talk pane@cox.net
bitaproductions
I started reading this article with due "populist rage" but I ended up feeling some empathy. It's a good reminder that no matter how much you have, it can always feel like its not enough. This is a good time in history to reflect on that so we can avoid that trap in the next boom time, I think. At the very least, we as a nation can all feel heartened by the fact that we're all in this together - that we're all being knocked down a peg...or maybe we can all just be really pissed off about it together. Either way, its still unifying.
kblog123
MaliciousDisorder,
In my ever present fight against revisionist history I must point out the following:
1. Stock Market and Banking collapse occured during the Bush Administration as did the initial TARP authorizations and infusions into the banking sector
2.The vast majority of subprime loans were not mandated. They were the available untapped market that bankers in their greed tapped. The basic hope of any adjustable rate mtg is the buyers financial situation will improve and a refi will occur. The economy did not go that way.
No blaming Obama for the mess he inherited from Bush. I am sure he will have his own issues to be blamed for but the current situation was/is not of his making. It is why he was elected.
spinozareader
Thanks kblog123! Completely right.
Hawnzz
Indeed... (right on the money)
Boughton
Dear "Tarp Wife", I know exactly how you feel, darling! Isn't it hideous these days? Recently, I had to endure something they called "Bus Tours of the Rich and Infamous"--did you hear? Astonishing!!! A frightful pack of gawkers loaded up a bus and stopped in front of our beach cottage (5, 747 sq. feet), just to see how we live! We told the press via security guards that we had fled the country, but in reality, we were inside, hiding in the 3rd floor master bath. Thank God the lap pool entertained the children (who knew Nanny never learned to swim???). In the aftermath, we, like you are now forced to go about our lives anonymously. Yes, that was me in wide Jackie O. sunglasses putting money in the church offering basket. Also, we were forced into having a small, ugly, aluminum-sided beach cape built beside our house with an underground tunnel attachment so we may appear to only live next-door to ourselves! What a relief! We can simply pull up to our dinky house and wave to the tour buses as they pass! They'll never know! The things we have to do to survive these times!
MaliciousDisorder
Give me a break, this whole thing started with Jimmy Carter , then fueled by Bill Clinton, and protected by the democratic majority. The majority who by the way voted for the TARP which was at the direction of a Democrat Treasury chief.
I know, that dumb, ignorant, stupid, lying ,Hitler like, Nazi, evil George Bush fooled all those smart, smart democrats once again..
Bubblyhaus
You're sick! Quick, call Rush for a snappy retort.
Hawnzz
There is nothing wrong with what Jimmy Carter did. The problem is... that it evolved from a good policy into what we have today. The bill brought to Clinton by the Republicans was cheered by the Democrats.. and of course he signed it. And then in 2003, Bush nailed the coffin truly shut and the crisis hit critical mass and it was just a matter of time/where/when. So is this the fault of any party? NO... WE ALL HAVE TO OWN IT. We all did this. We are all equally responsible. We failed to regulate a critical portion of the banking system, and forgot a tenet of humanity. Never under-estimate the power of human greed.
So, Kblog.. Mal... you're both right.
CathyG
Sorry, MalDis. Nobody's buying your revisionism. The 2001 recession started in March and the current Great Recession started in December 2007. So Dubya has the dubious honor of presiding over destructive recessions at both the beginning and end of his tenure.
In case you didn't get the memo, Reagan was the great de-regulator and deregulation has had a huge role in leading to the current debacle. We had the S&L bubble in '89, the tech bubble in '01 and the housing bubble in '07. You do the historical check on which party was in power, nimrod.
welsco
The anger and outrage are all justified- but it is still relative. There are probably some pretty poor people around the world who must look at the economic crisis and what we are going through with derision and irony. I can see someone in Congo remarking on a complaint about the skyrocketing cost of healthcare, or a need to balance cable with groceries, or needing to send a kid to state college- but wait- not sure how they would read it as a computer is surely also a luxury to them.
cbeenthere
Does this mean haute society charity giving is drying up? No need. Roll up your sleeves instead.
LRL10065
My jaw dropped on this one...I just don't believe it's for real.Since the writer is unwilling to state her name, I have a hard timebelieving this wasn't written by some professional writer...thearticle is a joke and above being published by Conde Nastor The Daily Beast without verification....by the way, I still love the Daily Beast....
spinozareader
LRL10065
IF ONLY.
Sadly, there's every reason to believe that this is, in fact, a story written by a real person (albeit one lacking any sense of perspective about the hardships of others in today's economic climate). Can't believe anyone that vacuous and self-centered exists?--Watch one episode of "The Real Housewives of New York." Or, better yet--"The Real Housewives of Orange County."
You probably won't make it through an entire episode without wanting to throw a brick at your T.V.
Hawnzz
I live in Orange County. It's real. If it isn't... it's a @#$% good copy.
CathyG
The saddest statement for me was "we can afford almost everything we need". If she's not struggling to pay rent, fill the tank, budget for medicine for a sick child, and buy food then she's not struggling to get "almost" everything they need.
There has been a real confusion over the past decade about what's a need and what's a want. The middle and lower classes have never lost sight of this and now, maybe, the kleptocratic oligarchs can start to figure it out.
Bubblyhaus
She sneaks into parties late because? She's wearing the same old dress? Her roots are showing? Her next Botox injection is past due? I assume she was paid to share her plight with other victims of this economy. Judas was paid, too. This person is a menace.
JD92840
Oh boo hoo hoo cry me a damn river! Hell we can use it in California!
But do I feel sorry for this woman and her family? Not just no but hell no!
Her husband raked in millions of dollars, if they didn't bank it or invest it wisely whose fault it that?
I sit here in CA with unemployment at 12.2% and no relief in sight for at least the next two years living on 1/5th my normal salary!
Try Pork-n-beans or Mac-n-Cheese for a week at a time to help keep some money to pay bills with.
So you don't get to go to fancy ass dinners in your $5,000 evening gown and wear your $1.2 million dollars in diamonds! Who cares?
So you fly commercial, you get to fly now don't you? What about the millions of Americans who can't even afford to leave their backyard on vacation?
Making donations anonymously? Aaaww poor things, afraid to let the media know you're still doling out millions a year to charity and can afford it?
Try living within or below your means for a change like 90% of all the rest of us!
Do I feel sorry for you? Not in this lifetime!
You wish to lay blame, blame it on the Bush administration, cause it damn sure wasn't on Obama's watch it occurred!
At least he has the balls to try and fix things!
Hawnzz
I hope things improve for you. Best wishes...
Thank you.
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