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9%  
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Keyword: slusfunds

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  • Money flowing back goes to slush fund (TARP)

    07/02/2009 8:15:11 AM PDT · by La Lydia · 9 replies · 542+ views
    Washington Times ^ | July 2, 2009 | Nick Rizzuto
    June 9 President Obama called a press conference where he announced, "Several financial institutions are set to pay back $68 billion to taxpayers..." Treasury Secretary Timothy F. Geithner has announced the department will use returned funds to provide aid and loans to small banks...Congressional Democrats have run to defend the practice of TARP fund recycling, and even encourage it... This is not only an unethical use of taxpayer money; it is also a violation of the legislation that allowed the Treasury the ability to lend it in the first place. The TARP law states, "Revenues of, and proceeds from the...