Once again, 'follow the money'

According to The Washington Post, the specific language in the TARP law that forbade such payouts was changed at the last minute, with a small but significant one-sentence edit made by the Bush administration. The Post reported, "The change stipulated that the penalty would apply only to firms that received bailout funds by selling troubled assets to the government in an auction."

Read the fine print. Of the TARP bailout funds to be disbursed, ... Full Story »

Posted by Dwight Rousu
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Posted by: Posted by Dwight Rousu - Dec 20, 2008 - 9:05 AM PST
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Edited by: Dwight Rousu - Dec 20, 2008 - 9:05 AM PST

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Dwight Rousu
4.6
by Dwight Rousu - Dec. 21, 2008

There are more facts about the details of the grand theft TARP in this column than I have seen in the news articles I have read. It shows legislative neglect in congress, allowing bush edits to get into legislation, and gross abuse of duty to the public on the part of bush officials and corporate greed heads.

Can these people avoid jail time?

See Full Review » (13 answers)
Jack Dinkmeyer
4.1
by Jack Dinkmeyer - Dec. 21, 2008

This excellent article packs more information into a short story than Congress got in any summary it failed to read. This kind of journalism gives the reader lots of information without attempting to influence with its own peculiar bias,

Bushies cute little legal tricks show their disdain for the crass, ignorant peasants populating American who deserve only their elitist oligarchy rule and social inequality treatment. Because the recent election--won by traitorous liberals and bad old Democrats--deprived them of their God-given right to eternal governance, they will never miss an opportunity to denounce, distort, obfuscate, disrupt, and sabotage any benefit Obama’s administration will have for the country.

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Kenneth Sibbett
3.9
by Kenneth Sibbett - Dec. 20, 2008

Miss Goodman is getting to be a reporter I like to follow around (on the web). Her reports are sharp and to the point.Good Job!

Paulson is a sleazebag, of that I have no doubt, but you can't put all the blame on him. If someone comes to you with a three page summation, and you give him 750 billion with no oversite, who's the idiot. While the republicans are union busting, gutting the American auto factories and laying off thousands of auto workers and the businesses that migrate around them, the banker's are sipping champagne and eating caviar.

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Norman Rogers
2.1
by Norman Rogers - Dec. 21, 2008

It's difficult to see how they can blame Bush and Paulson when the Democrats in congress wrote the legislation. I guess the democrats are so stupid that Bush easily manipulates them.

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