by Jane Richey | Aug 22, 2013 | Constitutionally Limited Goverment, Fiscal Responsibility, Free Markets
Only 65 percent of the nearly $80 billion that President Obama unilaterally diverted from the Troubled Asset Relief Program (TARP) to bail out the auto industry over the strong objections of Congress has been recovered, according to the U.S. Treasury Department’s July...
by Jane Richey | Jun 19, 2012 | Constitutionally Limited Goverment, Fiscal Responsibility, Free Markets
Jamie Dimon, the president and CEO of JPMorgan Chase, told the Senate Banking, Housing and Urban Affairs Committee last week that his bank took Troubled Asset Relief Program (TARP) funds back in 2008 only “because we were asked to” by the Treasury Secretary. Dimon got...
by Jane Richey | Apr 25, 2012 | Constitutionally Limited Goverment, Fiscal Responsibility, Free Markets
The U.S. Treasury Department’s own Inspector General for the Troubled Asset Relief Program, or TARP, on Wednesday contradicted a previous Treasury statement that the bank bailout program was profitable. In its quarterly report to Congress, the Special Inspector...