Republicans say Obama loan program is first step toward TARP slush fund | The Daily Caller :
Republicans accused President Obama on Tuesday of taking a step toward using the $700 billion Wall Street bailout as a slush fund, a possibility many worried about when the Troubled Asset Relief Program was first created during the economic panic of 2008.
“Our TARP should not be a piggy bank. It was intended to stabilize the financial system. It has stabilized the financial system. As it is paid back with interest it should go to reduce the debt,” Sen. Judd Gregg, New Hampshire Republican and ranking member on the Senate Budget Committee, said in a brief interview."
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