The 700-billion-dollar US government effort to rescue the financial system has failed to meet key goals such as sparking lending and curbing risky activities by banks, a special auditor said Sunday.
The 700-billion-dollar US government effort to rescue the financial system has failed to meet key goals such as sparking lending and curbing risky activities by banks, a special auditor said Sunday.
"The bailout took trillions of dollars from the people and gave it to the banks so the banks could loan it back to the people at interest. But the bankers just gave that money to themselves as bonuses!" -- Wake the Flock Up
Related: TARP may cost less than predicted
Whatever, Globe.
Pfffft!