What We Need is a TARP Inspector
Posted by Jim Harper
I continue to be impressed by the number of bills being introduced to amend the big financial services bailout program known as the “Troubled Asset Relief Program,” or “TARP.”
We discussed some of this earlier in a post called “Ready, Vote, DEBATE!” But here are all the current bills that have “Troubled Asset Relief [...]
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Bailout Oversight Totally Lacking
Posted by Jim Harper
Six weeks since Congress approved the financial services bailout legislation, the administration has committed $290 billion of the $700 billion Congress gave it to work with.
Originally intended for purchasing troubled mortgage assets, it has instead been used to purchase shares of troubled firms, and it may soon be used for automakers and heaven [...]
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