Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Banks are paying back taxpayers money provided to them under the Troubled Asset Relief Program (TARP) rescue fund by borrowing from the government itself.
Of the $414 billion in taxpayer money lent out under TARP, some $120.7 billion remains outstanding, the Washington Post reports, citing Government Accountability Office data.
However, money settling accounts in one area of the government is opening up fresh liabilities in other government agencies.
“It turns out that over 130 bailed-out institutions paid back their TARP money simply by taking out loans from yet another government program, suggesting that the government — and taxpayers — actually haven’t gotten paid back yet,” the newspaper reports.
All part of keeping profits up instead of normal free market at work. I mean the US taxpayer is so on the hook for so much crap. It is truly criminal. There is stuff all over the place. Don't forget this one either.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.