"Watchdog says TARP worked but at great cost" by Jim Kuhnhenn, Associated Press | October 21, 2009
WASHINGTON - A government watchdog said the $700 billion bailout for the financial industry played a major role in rescuing the economy....
Then they are ALL IN IT TOGETHER!
His role is to COVER UP the LOOTING!
Public suspicion was fed by Treasury’s decision not to require banks to report how they used their rescue money and its “less-than-accurate’’ statements describing the financial condition of nine large banks that benefited from large infusions of aid.
Related:
The program has been criticized in Congress across the political spectrum....
The government has spent more than $454 billion through TARP programs. Forty-seven recipients have paid back nearly $73 billion. That means more than $317 billion remains available....
Well, if they DON'T NEED IT then GIVE IT BACK!
Related: Banker's Slush Fund
Bank Bailouts to Become Permanent Programs
Things CLEARER now on what they are doing with YOUR TAX MONEY?
Despite the repayments several parts of the program are not expected to yield returns to the taxpayer, including a $50 billion mortgage modification plan and some of the money injected into auto companies....
Yeah, you are going to be OUT about $24 TRILLION (plus interest payments) by the time it is over, taxpayers --despite what your lying government and MSM say.
--more--"
Related: Lying Looters Large and Small: AIG's Excesses
That's $182 BILLION you won't be getting back, America -- even as they pay out MILLIONS in BONUSES!
