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Elizabeth Warren explains TARP funding overseas

Related story: U.S. bailouts benefited foreign firms, report says.

Related video: Elizabeth Warren Introduces COP's August Report.

Related animation: It's beginning to look a lot like no accountability.

By Ann Telnaes  |  August 13, 2010; 12:00 AM ET
Categories:  Economy and jobs  
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Comments

jornolibist - - you are kidding, right?

Patrolling Iraq Airspace would be a drop in the bucket compared to the stupid invasion of Iraq, it's consequential cause of a too late invasion of Afghanistan, LET ALONE THE COST IN HUMAN LIVES AND MISERY!
Geeze!

Posted by: lufrank1 | August 14, 2010 4:16 PM | Report abuse

nyrunner101---We can't get that money back now. Byt he time everyone figures everything out it is too late. We have a Justice system in this country that doe not work for the citizens in this country. Very few in government works for the everyday citizen. In fact we seemed to have been designated the enemy. The money that went to TARP should have been distributed amongst the financially strapped citizens in this country. You know who said that in the beginning. Ron Paul. People in this country need to start listening to those Congressmen who base their assesments upon COMMON SENSE and HONESTY.

Posted by: JONAHandtheFISH | August 14, 2010 3:09 PM | Report abuse

As I understand it there is still approximately 347 Billion left. I also thought Biden was the man in charge of keeping TARP straight??

Posted by: pechins | August 13, 2010 7:55 PM | Report abuse

Democrats never factor in the cost of still having to maintain a no fly zone and reacting to Hussein's bi-annual saber rattling. How much would that cost for the next 40 years with Hussein still in power? Please calculate and compare to the cost of the invasion.

Posted by: jornolibist | August 13, 2010 6:18 PM | Report abuse

Amen, nyrunner101 !!!

Posted by: lufrank1 | August 13, 2010 3:08 PM | Report abuse

i know how i bought rbs-pr 04/09 for 3+ rec .38+ quaterly div sold yr later for 14+

thank you warren

Posted by: oldhat | August 13, 2010 2:05 PM | Report abuse

Doesn't anybody here know how to play this game?

Posted by: tony_in_Durham_NC | August 13, 2010 12:34 PM | Report abuse

I guess I don't understand what her charter was or is. I thought she was to monitor the TARP Program. What she is saying here is "I couldn't monitor TARP because Treasury didn't monitor TARP."

Nonsensical.

Posted by: Curmudgeon10 | August 13, 2010 12:33 PM | Report abuse

lufrank1,

TARP was signed into law by Bush, but the law was written by a Congress controlled by the Democrats. You can't lay this one exclusivly at either party's doorstep. Plus both parties are crooked so why quibble?

Posted by: phntsm | August 13, 2010 11:57 AM | Report abuse

Overlooked is the biggest lapse of accountability in US history, the invasion of Iraq. This was an unecessary war that has cost American taxpayers over 700 billion dollars in direct costs, a trillion of so in medical costs for the wounded, thousands of American lives, hundreds of thousands of Iraqi lives, and NOTHING has been done to bring the two archetects, George W. Bush and Dick Cheney, to justice. Indeed, this is the worst miscarraige of justice in our history. It is embarrassing and shocking to live in a country where a president was almost impeached for an act of sexual impropriety but the next president, responsible for the waste of billions and the deaths of thousands, gets off scot free. When you talk about lack of accountability it all begins with George W. Bush. TARP was nothing.

Posted by: nyrunner101 | August 13, 2010 10:10 AM | Report abuse

The Troubled Asset Relief Program, commonly referred to as TARP or RCP, is a program of the United States government to purchase assets and equity from financial institutions to strengthen its financial sector which was signed into law by U.S. President GEORGE W. BUSH on October 3, 2008.
GEEZE! bignoisylawnmower...Elizabeth Warren is the PERFECT LIBERAL appointment to do something positive about the financial shenanigans STARTED by BUSH & the GOP!

Posted by: lufrank1 | August 12, 2010 9:42 PM | Report abuse

Ann, three attack cartoons against your fellow liberals in one week before the election in November equals triangulation cartooning doesn't it? Thanks for all the lib media search engine support you provided, but you can't throw pop tart on the web without finding a story on Mrs. Warren.

Posted by: bignoisylawnmower | August 12, 2010 8:43 PM | Report abuse

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