Wikinvest Wire

Elizabeth Warren talks about TARP

Wednesday, December 09, 2009

The Congressional Oversight Panel's report on TARP (Toxic Troubled Asset Relief Program) is out today and, to no one's surprise, the results seem to be much better for Wall Street than for Main Street. Elizabeth Warrent provides an update.

Favorite line: "The TARP program has been really, really good at shoveling hundreds of billions of dollars into the largest financial institutions. Man, it managed to cut through the paperwork and do that on two pages, in the space of hours."

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Anonymous said...

Thank goodness the czars (dictators) were able to do this without any constitutional restrictions.

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