Page 36 - Tarp Program News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Whether bad ventilation played a role in those deaths and close to 100 banks previously rescued by the federal government is showing signs of failing again. new report out of "the wall street journal" says the banks in question received money from the tarp program and suggests the bailout may simply have been a temporary solution to an unavoidable collapse. the veteran pilot that got in trouble with the tsa after posting you tube videos showing what he says are serious flaws from security is coming out of hiding. late yesterday, he revealed his identity to a tv station in sacramento. >> i'm an...

Spending money and they will find other ways. >> so you don't think this is going anywhere to bring down the debt, is that what you say? >> that's what i'm saying. i don't have a lot of confidence at this point. >> is everyone in wisconsin as synical as you? >> i don't know. >> how long are you here for? >> one more day. >> the bottom line is the tarp you hear so much about was essentially a credit line. in jest, but what we are trying to do in reality is point out the fact that a credit line is a credit line. it is not real money. in other words, this began not in this administration, but in ...

This along to you in his fine hour, but we crossed an important threshold today. $250 billion, that's the amount of money that the government is saying has now been returned to taxpayers from tarp. do you remember tarp? the troubled asset relief program. well that money is coming back into our hot little hands. but i don't want to rain on your thanksgiving parade, but it is not exactly in your hot little hands. in other words, the $2 50 billion which is essentially a credit line is now going back to the american taxpayer, but no one is seeing it. in fact, i want to know if people have seen it....

They should have been investigating mortgage fraud a long time ago. it's rampant. they had an opportunity when they bailed out these banks with the t.a.r.p. program, to get under the hood, make these banks act responsibly. they passed again. >> why would they not do this? >> we've got some big problems. the banks were making loans they never should have made. that's problem number one. the second thing is how these loans were packaged and sold off. if people knowingly sold bad loans to investors, they should be sued. held accountable. there could be criminal actions and nothing's been done. >>...

Oversaw the tarp program, this bill with a $30 billion pot of money will create a moral hazard because if i am lending money that you gave me i may not oversee it as much as if i owned the money myself. so they believe we are going to create a $30 billion pot of money that could be length to a risky way. you know, it is $30 billion pot of federal money, the federal government will back up the loans, and fannie mae and freddie mac, you give loans to people who could not pay back because it was not your money and the federal government was on the hook so people overseeing tarp say this is full o...