The Economny

  • Debunking Bailout Myths | The Big Picture

    Tarp Overseer Debunks Bailout Myths: Big Companies HAVEN’T Repaid Tarp Funds … And Funds to Help Homeowners HAVEN’T Been Disbursed

    Apologists for government bailouts push two main myths:

    • That all of the bailout funds have been repaid
    • That the bailouts helped the average American

    But the official government overseer of the Tarp bailout program – the special inspector general for TARP, Christy L. Romero – has debunked both myths.

    Today, Romero wrote the following to Congress:

    [read the complete article…]

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