Wednesday, July 22, 2009
Barney Frank Can't Find a Villain!
Barney Frank Can't Find a Villain!:
RUSH: This is amazing. 'As the watchdog of the government's massive bailout of the financial sector,' TARP, 'Neil Barofsky had a simple question: What had the nation's banks done with all their bailout money? Can't be answered, said the Treasury Department, because of the way banks move money internally. The department declined to put the question to the banks. And so Barofsky started asking financial institutions himself, getting answers from more than 300 that had received federal bailout money and learning to what extent they had used the money to increase their lending,' and so forth."
RUSH: This is amazing. 'As the watchdog of the government's massive bailout of the financial sector,' TARP, 'Neil Barofsky had a simple question: What had the nation's banks done with all their bailout money? Can't be answered, said the Treasury Department, because of the way banks move money internally. The department declined to put the question to the banks. And so Barofsky started asking financial institutions himself, getting answers from more than 300 that had received federal bailout money and learning to what extent they had used the money to increase their lending,' and so forth."
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