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  • The White House's Illegal Piggy Bank

    02/03/2010 5:22:49 PM PST · by Kaslin · 11 replies · 963+ views
    Investors.com ^ | February 3, 2010 | INVESTORS BUSINESS DAILY Staff
    TARP: The OMB director is grilled over the misuse of bank bailout funds for purposes other than intended by Congress. This taxpayer money wasn't intended to be the administration's perpetual slush fund. When the specifically targeted and named Troubled Asset Relief Program was enacted, we were told it was a necessary and wise investment. It would stabilize the financial system and keep credit and money moving. We would even get our money back and then some. Many banks didn't want the money or need it. Some were told to take it or they'd be audited. So they took it. The...