TARP and China

Where does the T.A.R.P. money banks are repaying go to?http://www.washingtonpost.com/wp-dyn/content/article/2009/06/09/AR2009060900891.html?nav=rss_businesshttp://online.wsj.com/article/SB124450458046896047.html

Government officials initially had planned for banks to keep their Treasury's investments for at least three years, but were forced by Congress earlier this year to allow banks an early exit. With signs of the financial sector stabilizing and bank stress tests complete, administration officials decided it was time to allow the strongest banks to return government funds. A handful of community banks are also expected to soon repay their TARP funds. Already, about 22 banks have taken steps to repay TARP, returning about $1.8 billion to the government. Treasury Secretary Timothy Geithner has said he plans to reuse returned TARP funds to assist other firms, including smaller banks, including those that have already received an initial TARP infusion.
The timing of repayments will be up to each bank. While banks can easily return the preferred shares the Treasury purchased in October, they must also deal with warrants the government received in the investments.
Those warrants, which gave the government the right to purchase common stock at a set price for 10 years, have value, and the Treasury must determine what price it will accept. A low price could open the Treasury to criticism that it is leaving money on the table. But some banks are unwilling to pay a high price.

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China's screening software on all computers on July 1 2009http://news.bbc.co.uk/2/hi/asia-pacific/8091044.stmhttp://news.bbc.co.uk/2/hi/asia-pacific/8091411.stm

As a U.S. All-American girl, I can say that your government isn't always working for your best interests. Imagine that the U.S. government said it was mandating that all computers in the U.S. - even those that are imported - had to install the software that would filter out pornographic or violent material. And the software has to be pre-installed on U.S.made computers before they leave the factory.
Even if Pres. Obama himself gave a speech encouraging it; I'd be willing to bet that most of the population would laugh out loud.... and then voice a resounding 'NO' that would literally shake the very foundation of the Capital building.
Well, in China, as of July 1st, computers have to have installed the "Green Dam Youth Escort" software. Foreign ministry spokesman Qin Gang said, "The purpose of this is to effectively manage harmful material for the public and prevent it from being spread. The Chinese government pushes forward the healthy development of the internet. But it lawfully manages the internet."
China does manage it's Internet; and we all agree they do it lawfully - - - not. On the eve of the 20th anniversary of the Tiananmen killings, social networking sites such as Twitter and the photo-sharing site Flickr were blocked in China in an attempt by the government to prevent online discussion on the subject. But people just moved onto other social networking sites.
Even the Chinese officials must realize they can not control the whole of the Internet in China. I don't know exactly how it is done; but a few friends have said that rewriting a few lines in the software on a computer could make it look as if were working correctly when it really wasn't.
One of the foreseeable main problems will be in businesses. And since China is the World's leading manufacturing nation; imagine having an idea that would make billions but can't get past the filter to flesh the idea out or market it.
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