It really is.
Someone has noticed that the Feds aren’t keeping any eye on the TARP funds too well.
“We do not seem to be a priority for the Treasury Department,” the Congressional Oversight Panel’s Elizabeth Warren told a Senate Finance Committee hearing today.
I’m not really too worried about it, though. It’s not like a ton of money has been taken up by TARP. Or that the Feds are risking our entire economy and future on these bailout packges. If that were the case, I might just be worried.
The U.S. government and the Federal Reserve have spent, lent or guaranteed $12.8 trillion, an amount that approaches the value of everything produced in the country last year, to stem the longest recession since the 1930s.
Oh shit.
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