Asking for TARP Funds Takes Only 27 Minutes

Let our journalists help you make sense of the noise: Subscribe to the Mother Jones Daily newsletter and get a recap of news that matters.


PaperResized.jpg

Journalists have written so much about the Troubled Assets Relief Program (TARP), better known as the federal bailout, that it’s hard to find a new angle. Seems like everyone‘s clamoring for a piece of the collective capital. Maybe that’s because it takes less than half an hour to ask for it.

It turns out that the application for TARP funds is surprisingly simple. Interested parties can find the complete guidelines for the TARP Capital Purchase Program
here. The application is just two pages long. As a test, we decided to fill it out. Including the time it took us to explain this project to our chief financial officer, the TARP application took a mere 27 minutes to complete.

To put it in perspective, here are five things that take longer than filling out the TARP application.

  1. Applying for Temporary Assistance for Needy Families (TANF): 4 hours.
  2. Watching Wall Street: 2 hours, 5 minutes.
  3. Making a tuna noodle casserole: 1 hour, 20 minutes.
  4. Applying for New York State unemployment insurance benefits: 30 minutes.
  5. Applying for food stamps in New Jersey: 30 minutes.

One of the only things that takes less time is filling out a credit card application: 2 minutes.

—Alexis Fitts and Daniel Luzer

Image by flickr user JRP Photo

IT'S NOT THAT WE'RE SCREWED WITHOUT TRUMP:

"It's that we're screwed with or without him if we can't show the public that what we do matters for the long term," writes Mother Jones CEO Monika Bauerlein as she kicks off our drive to raise $350,000 in donations from readers by July 17.

This is a big one for us. It's our first time asking for an outpouring of support since screams of FAKE NEWS and so much of what Trump stood for made everything we do so visceral. Like most newsrooms, we face incredibly hard budget realities, and it's unnerving needing to raise big money when traffic is down.

So, as we ask you to consider supporting our team's journalism, we thought we'd slow down and check in about where Mother Jones is and where we're going after the chaotic last several years. This comparatively slow moment is also an urgent one for Mother Jones: You can read more in "Slow News Is Good News," and if you're able to, please support our team's hard-hitting journalism and help us reach our big $350,000 goal with a donation today.

payment methods

IT'S NOT THAT WE'RE SCREWED WITHOUT TRUMP:

"It's that we're screwed with or without him if we can't show the public that what we do matters for the long term," writes Mother Jones CEO Monika Bauerlein as she kicks off our drive to raise $350,000 in donations from readers by July 17.

This is a big one for us. So, as we ask you to consider supporting our team's journalism, we thought we'd slow down and check in about where Mother Jones is and where we're going after the chaotic last several years. This comparatively slow moment is also an urgent one for Mother Jones: You can read more in "Slow News Is Good News," and if you're able to, please support our team's hard-hitting journalism and help us reach our big $350,000 goal with a donation today.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate