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Taxpayers should be outraged… I mean they hired Chicago? What were they thinking? And can we please leave Barney Frank out of this. Nobody wants to hear from this guy.
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#60, Bobbo,
I’ll take that as a compliment. 🙂
I inadvertently learn a lot from this blog. In a companion post, Uncle Patso and Winston posted a link to an article about the originator of the economic meltdown. As interesting as it is, unfortunately I can’t wrap my head around at this time, being mentally occupied with other matters. What I learn from this article however will remain with me and I will use that in the future.
My career in Industrial Quality gave me a strong sense of not tolerating cheaters. Lying about something burns my butt and making up facts is even worse. 🙁
Which, I assume, explains why I am so quick to link my comments or ask for a source for that I disagree with.
# 59 Mr. Fusion said, “This though, was typical of the Bush Administration.”
And, continues with the Omama Admin as evidenced by the fact that a judge is now having to ORDER the Omama Admin to give data to the media, as it has so far refused to be transparent.
#59, Poison Twin,
If Congress was so upset, why did they approve the money then?
#63, Loser,
I can only assume that Congress thought the controls were adequate. As for Obama’s Treasury Department holding them secret, again, I can only assume there were privacy agreements with the banks.
The money was intended and widely publicized by Congress as a way to get some liquidity in the banks that were drowning in toxic paper. Because of the loss of all that liquidity, the banks had no money for other types of loans. Several businesses around here closed their doors because credit dried up.