TARP II: Money for Banks, Not Homeowners

Dean Baker, Truthout: "TARP II, the second helping of $350 billion that is supposed to restore the health of our financial system, will soon be dished out by the Obama administration. Ostensibly, much of this money will go to help homeowners stay in their homes. But, as is the case with many Washington policies, this money is also going to end up in the bankers' pockets."

//www.truthout.org/011909A

--------

Requesting a TARP disapproval resolution

Competitive Enterprise Institute
by CEI Staff

01/15/09

On behalf of the millions of taxpaying citizens represented by the public interest organizations below, we write to strongly encourage you to swiftly pass a notice of disapproval on releasing the remaining $350 billion in Troubled Asset Relief Program (TARP) funds. From the beginning, the TARP plan was questionable, but a number of Members nonetheless resolved to support it. It should be clear now that this was a mistake.

//cei.org/node/21492


Informant: Thomas L. Knapp



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