2.06.2009

Flop


In the four months since TARP was signed into law, the Treasury has switched the focus of the program; regulators have been denied access to information about how the bailout money is being spent; executives of bailed-out Wall Street firms have received billions in bonuses; and, despite the injection of nearly $300 billion into the struggling finance market, lending in the fourth quarter of 2008 actually fell relative to the quarter before.

[From The Washington Independent » For Banks, an $80 Billion Gift ]


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