Free Republic

Treasury Secretary Tim Geithner on Tuesday unveiled a new bank rescue plan that includes a "new consumer business lending initiative to leverage up to $1 trillion dollars to kick start the secondary lending markets." The department also announced plans for "a new website, FinancialStability.gov, to detail where federal funds are going and whether they are succeeding in stabilizing the financial system and promoting new lending." The administration has already begun posting contracts on the Internet. Here are details of the program, as released by the Obama administration:

U.S. Sen. Jim Inhofe said Saturday that Congress was not told the truth about the bailout of the nation's financial system and should take back what is left of the $700 billion "blank check'' it gave the Bush administration. "It is just outrageous that the American people don't know that Congress doesn't know how much money he (Treasury Secretary Henry Paulson) has given away to anyone,'' the Oklahoma Republican told the Tulsa World. "It could be to his friends. It could be to anybody else. We don't know. There is no way of knowing.'' (snip) Last week the Treasury secretary...

Boehner Calls for Defunding of ACORN Washington, Oct 9 - House Republican Leader John Boehner (R-OH) today issued the following statement following mounting allegations of voter registration fraud perpetrated by the left-wing group ACORN: “The latest allegations of voter registration fraud by ACORN are further evidence that this group cannot be trusted with another dollar of the taxpayers’ money. “Election cycle after election cycle, this organization has been at the forefront of breaking the law in order to promote their left-wing agenda. All the while, they have been the recipients of millions of dollars of federal funding through various federal...