Courtesy of Tim Iacono of The Mess That Greenspan Made
The Congressional Oversight Panel’s report on TARP (
Toxic Troubled Asset Relief Program) is out today and, to no one’s surprise, the results seem to be much better for Wall Street than for Main Street. Elizabeth Warrent provides an update.
Favorite line: "The TARP program has been really, really good at shoveling hundreds of billions of dollars into the largest financial institutions. Man, it managed to cut through the paperwork and do that on two pages, in the space of hours."