The chairwoman of a Congressional TARP ovesight panel just dropped a bombshell nugget in a Senate banking Committe Hearing. She says that Treasury -- using TARP money -- vastly overpaid in its first 8 purchases -- to the tune of 78Billion dollars. This means that more than 10% of the 700 Billion in TARP funds were essentially wasted.
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They're saying F-U to Congress, essentially read more | digg story
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