Thievery Under TARP

http://www.thenation.com/doc/20090504/scheer?rel=hpcurrently

by: Robert Scheer
published: 04/22/2009

The article "Thievery Under TARP" is about how the TARP (Troubled Asset Relief Fund) might do more harm than good. The fund was initially designed to help bail out the businesses after Wall street crashed. But a report made by the Treasury Department's Inspector General shows how its poor management makes it vulnerable to fraud. As of Tuesday 20 separate cases of fraud are currently under investigation.

According to the article, "... the TARP program from its inception was designed to trust the wall Street recipients of the bailout funds to act responsibly on their own, without accountability to the government that gave them the money," General Neil M. Barofsky.

What? They had in mind since the beginning of the fund's inception that they were going to trust them. Trust them? The very people that got themselves into the mess in the first place. Someone once said that the definition of insanity is doing the same thing over and over again expecting different results. I have faith in our new president, but this is ridiculus.

The program shouldn't rest solely with the Wall Street recipients. Their the problem. Their the kind of people that look out for themselves and others like them. Their the ones that are commiting fraud and the government might as well have put the money directly into their pockets and their foreign bank accounts. If everyone else can be held accountable for their own actions then they should be too. They think that we work for them and it's up to our government (I mean Obama) to stand up to them.