TARP accountability? None, apparently.

By: Bill S (Diary)  |  December 22nd at 01:12 PM  | 

According to this morning’s news, banks are refusing to reveal what’s being done with the money that was provided under the $350B (so far) TARP bailout money. “We’ve lent some of it. We’ve not lent some of it. We’ve not given any accounting of, ‘Here’s how we’re doing it,’” said Thomas Kelly, a spokesman for JPMorgan Chase, which received $25 billion in emergency bailout money. | Read More »

White House calls a timeout on the auto bailout

By: Bill S (Diary)  |  December 14th at 11:11 PM  | 

Looks like taking money from the TARP fund to support an auto bailout isn’t as much of a slam-dunk as it appeared yesterday. It’s being reported this evening that the WH isn’t quite ready to pull the trigger on a bailout. From Reuters: President George W. Bush said on Monday an announcement on a auto industry rescue was not imminent, leaving the industry’s fate clouded | Read More »