WashingtonWatch.com has never been profitable. Maybe someday it will be, but there aren’t enough of you yet. And also, it’s not profitable because of the downturn in the economy.
Why do I say that? Because the Washington Post is reporting that the Obama administration plans to give bailout funds to millions of small businesses.
The [...]
Everyone’s abuzz about the bonuses being paid out to AIG employees, some reaching above $1 million.
And Congress is there on the case, chasing down the money that . . . it is responsible for putting out there in the first place.
(Yes, yes, AIG money was a loan from the Fed, not TARP – [...]
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 [...]
“[T]roubled assets from any financial institution.” That’s what the financial services bailout bill allowed the Treasury Department to buy: “troubled assets from any financial institution.” They were talking about bad mortgages.
But then the money got used to buy pieces of financial institutions themselves. Some Members of Congress raised a stink when word circulated that [...]
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 [...]