LINK 1Originally Posted by USA Today
Bad huh? Bad like all of us who were against these bull**** bailouts from the beginning said they would be. Why? Because that's what government does with money - pisses it away. But wait... it get's better...
LINK 2Originally Posted by "USA Today"
Special Inspector General Neil Barofsky, who is in charge of overseeing the Troubled Asset Relief Program (TARP), [B
So let's summarize... TARP was a fiasco. They don't know where the money went... there's still a belief it helped avoid a depression but there's no evidence in my opinion, to substantiate. And the "transparency" is transparent - in fact so transparent it doesn't exist at all. Sounds great. 700 billion down the ****ter, little to no return expected on any of it (remember all the nonsense about how we're all going to make our money back and then some!? ) and not only do we not know where the money went, but for all we know, it was spent on hookers, a lot of blow and Vegas trips to the Bunny Ranch.
Well, at least some working stiffs are making out on the deal.