News Uncovering the Truth Behind the First $350 Billion of the TARP Bailout

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A conservative legal group is taking action against the Treasury Department and the Federal Reserve, seeking transparency regarding the expenditure of the initial $350 billion from the Troubled Asset Relief Program (TARP). The lawsuit emphasizes concerns over the lack of transparency in government financial dealings, suggesting that this could lead to authoritarianism, with ordinary citizens being disproportionately affected. The Obama administration has committed to making details of the second part of TARP publicly available, but skepticism remains regarding the record-keeping practices of the previous Bush administration, which are perceived as inadequate and aimed at avoiding accountability.
Skyhunter
http://thehill.com/leading-the-news/conservative-group-sues-for-tarp-details-2009-02-16.html

A conservative legal group is suing the Treasury Department and the Federal Reserve to reveal exactly how the first $350 billion of the financial services bailout was spent.

Hopefully this will be informative.

The Obama administration has promised to put the second part of TARP on the web.
 
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lack of transparency is slowly taking America towards an authoritarian regime... average joes like us have the most to lose (and not just in terms of wealth)...
 
Skyhunter said:
Hopefully this will be informative.

I wouldn't expect much from the Bush administration. I think they practiced poor record keeping so as to allow them to be unaccountable.

That's the way Cheney and Rove liked to roll.
 

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