Group items tagged TARP - Politics ~ Progressive

Bluffing on the Bailout | Are Feds Lying About Use of TARP Funds? - 0 views

www.forbes.com/...-business-washington-tarp.html

economy bailout TARP secrets fed fraud corruption bailouts banksters banks financial crisis economic crisis financial crisis

shared by avivajazz jazzaviva on 05 Oct 09 - No Cached

avivajazz jazzaviva on 05 Oct 09

A report casts doubts on federal officials' candor regarding their use of TARP funds.

<div class="cArrow"> </div><div class="cContentInner">A report casts doubts on federal officials' candor regarding their use of TARP funds.</div>

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TARP Official on Audit (CNBC) // NYTimes.com Report - 0 views

video.nytimes.com/...index.html

economy banksters TARP financial crisis economic crisis corruption lies fraud

shared by avivajazz jazzaviva on 06 Oct 09 - Cached

avivajazz jazzaviva on 06 Oct 09

Treasury lied to public about health of big banks last October + may have unfairly distributed TARP funds, says Report from Neil M. Barofsky, special inspector general for the Troubled Asset Relief Program: http://bit.ly/JeUBZ (NYTimes.com)

<div class="cArrow"> </div><div class="cContentInner">Treasury lied to public about health of big banks last October + may have unfairly distributed TARP funds, says Report from Neil M. Barofsky, special inspector general for the Troubled Asset Relief Program: <a href="http://bit.ly/JeUBZ" rel="nofollow" target="_blank">http://bit.ly/JeUBZ</a> (NYTimes.com)</div>

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Ron Paul Says Bernie Sanders "Sold Out," Sided With Chris Dodd to "Gut" Audit the Fed |... - 0 views

fdlaction.firedoglake.com/...hris-dodd-to-gut-audit-the-fed

audit-the-fed sanders dodd congress legislation bernie changes fed ron-paul

shared by avivajazz jazzaviva on 07 May 10 -

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avivajazz jazzaviva on 07 May 10

Sanders/Dodd Audit-The-Fed allows audit of TARP + TALF, but not FOMC, discount window operations, or agreement with foreign central banks. "Even the so called "independent" leftists, Kucinich and Sanders, have both capitulatied to the corporate, class markets and their class despotism, proving they are not real opposition leaders, but phony socialists, phony anti war activists." ~Eric Albert Schwing I read all three versions of the Sanders amendment carefully, and I believe Sanders made a good call if the decision was compromise with Dodd or have no amendment at all. The big differences with the compromise are: -Single audit covering December 1,2007 to May 2010 rather than open-ended audit until all bailout funds are recovered. -Specific parameters on the audit focusing on whether proper procedures were followed and what could be done to improve Fed governance. However it is not clear that the audit is limited to these items. -Fed website still must report lots of previously undisclosed details about the bailout measured-who got what and why. ~bmull

<div class="cArrow"> </div><div class="cContentInner">Sanders/Dodd Audit-The-Fed allows audit of TARP + TALF, but not FOMC, discount window operations, or agreement with foreign central banks. "Even the so called "independent" leftists, Kucinich and Sanders, have both capitulatied to the corporate, class markets and their class despotism, proving they are not real opposition leaders, but phony socialists, phony anti war activists." ~Eric Albert Schwing I read all three versions of the Sanders amendment carefully, and I believe Sanders made a good call if the decision was compromise with Dodd or have no amendment at all. The big differences with the compromise are: -Single audit covering December 1,2007 to May 2010 rather than open-ended audit until all bailout funds are recovered. -Specific parameters on the audit focusing on whether proper procedures were followed and what could be done to improve Fed governance. However it is not clear that the audit is limited to these items. -Fed website still must report lots of previously undisclosed details about the bailout measured-who got what and why. ~bmull </div>

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