“At some point, Treasury needs to ask itself what value there is in a program under which not only participation, but also compliance with the rules, is voluntary,” says the new report, from the special inspector general for the TARP. “Treasury needs to recognize the failings of [the program] and be willing to risk offending servicers.
Dalyrmple said he blames the big banks and their political enablers for credit freeze that killed his business. “It was extremely frustrating as an entrepreneur looking to be in charge of my success or failure to come to the realization that the fate of my business was determined by greed, corruption and illegal behavior on Wall Street and in Washington,” he said.
Published on Saturday, March 7, 2009 by CommonDreams.org 12 Deregulatory Steps to Financial Meltdown Wall Street’s Best Investment – Part II by Robert Weissman & Disseminated by The Erie Wire What can $5 billion buy in Washington? Quite [...]