Bailout Update – Your Family’s $3,000 Investment
Posted by Jim Harper
The Government Accountability Office has a report out on the financial services bailout law and the Troubled Asset Relief Program, or “TARP.”
As of January 23, the Treasury Department has disbursed about $293.7 billion, mostly to purchase preferred shares of 317 financial institutions. That’s a bit over $3,000 per U.S. family, just shy of $1,000 [...]
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Phone Subsidies in Disarray
Posted by Jim Harper
Via Ars Technica, the Government Accountability Office recently issued a report entitled “Telecommunications: FCC Needs to Improve Performance Management and Strengthen Oversight of the High-Cost Program.” That’s a nice way of saying, “Things are going to hell in a handbasket!”
The FCC administers a small collection of subsidy programs for telecommunications that support rural telephone service, for [...]
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