Archive for Bush Administration

Paulson’s TARP Promises…He’s Laughing All the Way to the Bank

You remember this:

September 23, 2008


and this.

December 18, 2008


This week, Elizabeth Warren, chairwoman of the Congressional Oversight Panel for the bailout funds, told the Senate Banking Committee that Treasury in 2008 paid $254 billion and received assets worth about $176 billion.

On Monday, we’re going to hear from new US Treasury Secretary Geithner a new plan.  I sure hope it doesn’t involve more money.  God help us.