When Treasury refuses for more than a year to require TARP recipients to account for the use of TARP funds, or claims that Capital Purchase Program participants were ‘healthy, viable’ institutions knowing full well that some are not, or when it provides hundreds of billions of dollars in TARP assistance to institutions, and then relies on those same institutions to self-report any violations of their obligations to TARP, it damages the public’s trust to a degree that is difficult to repair.
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Neil Barofsky, the special inspector general for the Troubled Asset Relief Program (TARP) Because these funds, just like the stimulus funds were largely intended to line pockets and in part be returned as campain donations! |
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gilmoure reblogged this from cnjspeaks
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cnjspeaks reblogged this from moorewr and added:
I’m guessing you guys didn’t see the Administration’s response to this. Yeah, siding with SIGTARP on this one. Also, I...
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moorewr reblogged this from hilker
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hilker reblogged this from nomosshere and added:
to say “it damages the public’s trust to a degree that is difficult to repair” assumes the public hears, understands,...
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nomosshere reblogged this from washingtonexaminer
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johnr48 reblogged this from washingtonexaminer and added:
Because these funds, just like the stimulus funds were largely intended to line pockets and in part be returned as...
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washingtonexaminer posted this
