RSSReport: Mixed reviews for bank bailout
From: The Washington Times | December 9, 2009
An independent government watchdog gave the Treasury Department's bank bailout mixed reviews in its year-end report, saying that the program was key in "stopping the panic" on Wall Street last year but that it failed to reach many of its goals. The Congressional Oversight Panel for the Troubled Asset Relief Program, or TARP, said that 14 months after the $700 billion program's creation, it is still too early to declare success or failure. While the panel said it was impossible to disentangle TARP from other financial rescue efforts, the program -- the federal government's centerpiece response to the economic crisis ...
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