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$700-Billion Bailout Lacks Transparency, Accountability, Congressional Panel Says
- Text size
Fred Lucas
CNSNews
January 14, 2009
Congress, in passing the $700-billion Troubled Asset Relief Program, expected some of the money handed to financial institutions to ease the credit crunch and help reduce the number of home foreclosures.
- A d v e r t i s e m e n t
But a report released Friday faulted the first, $350-billion phase of the bailout for lacking transparency and accountability and for doing little to alleviate the rising number of foreclosures.
“The panel still does not know what the banks are doing with taxpayer money,” said the five-member Congressional Oversight Panel in the report released Friday. “So long as investors and customers are uncertain about how taxpayer funds are being used, they question both the health and sound management of all financial institutions.”
The Congressional Oversight Panel Report questioned whether the Treasury Department’s purchase of “toxic” assets is working.
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January 14th, 2009 at 3:32 pm
If you want to learn “WHY” all this shit is coming down……………simply type in Leo Wanta and read, read, read. He is a “BIG” reason all this is happening. Everything he predicts is unfolding right before our eyes. There is so much f..cking corruption in D.C. the only way out is for all 50 states to secede and start all over with little old ladies that couldn’t give a shit about bribery or blackmail. As usual, it’s always about the money!
The plug is about to be pulled on this thing called the USA! I believe GOD has had just about all he can take of our so- called leaders.
January 14th, 2009 at 3:52 pm
with arnold being governor in California and him openly admitting he wants dictatorship i doubt he would ever secede. I also see he hasnt put our state as one with legislation to not do the RFID crap either. I wonder what the best state to be in is? or is there one? state of denial? lol hahaha
#1… armageddon used to scare me.. now it doesnt, i look forward to it. Seeing whats going on now i understand why it has to come or humans would become extinct…
January 14th, 2009 at 4:03 pm
hey jerry can fill me in on what you are talking about with this guy Leo Wanta
January 14th, 2009 at 4:38 pm
#1 – Leo Wanta? Are you kidding? maybe you should either go back to sleep or read more here
http://www.arcticbeacon.com/ar.....-2007.html
January 14th, 2009 at 4:40 pm
I urge every American, that loves America, to write on his/her Dollar Bills. Federal Reserve is not government, but private banks own by David Rockefeller, Rothechild Family and Bilderbrge. Also write on dollar Bills, CFR decide who will be the President of US, CFR own by David Rockefeller, United State’s Treaury own by Rockefeller, Rothechild and Bilderburge.
I am writing them on my Dollar Bills, so we can wake up true Americans, to stop those criminals.
January 14th, 2009 at 5:04 pm
Geithner is a dumb ass.
January 14th, 2009 at 5:17 pm
You know what came to mind. No one talked about the passed bailout.. Remember Mexico’s Stock Exchange Bailout in 1995 I think.,. Which Banksters made millions on that deal. No congressional hearing no nothing. It was just done at the whim of President Clinoton’s Executive power. No one made a fuss over that deal.
January 14th, 2009 at 5:18 pm
The levels of corruption inside the belt way is astounding. Evil man has his plans. God also has his
plan. This BS bailout is nothing less than highway robbery. Sad day in America.
January 14th, 2009 at 6:00 pm
Of course it lacks transparency, that’s why it was created, so they can rob us blind and have a clean get away.
It’s like when they blindfold a hostage, so the victim can’t identify anyone after the ransom has been turned over.
Now what’s so hard to understand about that?????
January 14th, 2009 at 6:12 pm
hey rev, i just woke up last year when my wife got pregnant i open my mind to this stuff and it has cost my sanity a little, i am running to catch up. fill me in if you have anything else to add.. i am not christian nor am i religous for that matter.
January 14th, 2009 at 6:44 pm
The bail out needs 700 billion kicks in the rear !!! At the rate of one kick per second , it will
take 3, 400 000 years !!!
January 14th, 2009 at 8:05 pm
Sir Baby De Porky:
Ummm… no actually. It would take 22,182 years(700,000,000,000/31,556,926[the number of seconds in one year]=22,182.14). But, yeah that is a long time.
January 14th, 2009 at 8:42 pm
The World is Fucked Up Totaly!!!
Becose we let the Bankiers make, (Credits) & we have to pay them back in Money, But where is the Money, if the Banks only give Credits. so War against Civilians are in fullest way already.
Thanks.
January 14th, 2009 at 9:05 pm
HEE HEE HEE, REALLY !!!
FCUK ALL ZIO-NEO-SCUM-BLOOD-SUCKERS & O”BAAA”MA BIN LADEN TOO !!!
* RON PAUL ….4…. PRESIDENT *
* ALEX JONES …4….VICE-PRESIDENT *
* ALAN WATT ……4… SECRETARY-OF-STATE *
* PETER SCHIFF…..4… TREASURY *
POWER 2 THE PEOPLE, BY THE PEOPLE, 4 THE PEOPLE ..=.. REVOLUTION TIME
INFO-WARRIORS ……………………………ENGAGE THE INFORMATION WAR !!!
January 14th, 2009 at 9:19 pm
Anyone else notice they are trying to spend this money, as FAST as possible, before the inauguration? The Inauguration in and of it’s self was labeled something akin to a natural disaster, to receive emergency funding… and Osama crawls out of a cave, 6 days before in Inauguration….
Something FOUL is brewing… do not believe anything else…
I’d be as far away from the inauguration, and what is pointing out to be the next big *terrorist / False Flag*… 2 million people, in a small space, with no weapons… sounds like Terrorist / False Flag candy to me.
January 14th, 2009 at 10:01 pm
They will confiscate our bank accounts and retirement accounts. A friend who frequents Argentina sees the parallel orhestration unfolding here as it happened there in 2003.
Billy Graham you need to wake up and see the evil family you have been spending time with all these years. Where is your discernment? The Bush actions are just beyond dispicable, it sickens one’s stomach. They are not Christians.
January 15th, 2009 at 12:36 am
its in the uniforms! they are using them to hunt and kill us! figure it out people they are using our dollars to fund our own suicides.
http://armygoretex.blogspot.com/
January 15th, 2009 at 1:04 am
its in the uniforms!! they are using them to hunt and kill us! figure it out people they are using our dollars to fund our own suicides.
http://armygoretex.blogspot.com/
January 15th, 2009 at 2:15 am
No, No, No, those at the top in the “Bush Crime Family” would Never lie to the American
People. They needed that $700 Billion Bail-Out Money Right Away, or else they would
never have asked for it. They will split it evenly and wisely, and it will only be use for
Official reasons. Americans should Never Question their Leaders Integrity ore Honesty…
And also, the world trade centers fell all by themselves, it was not an inside job,
the Official Government Reports are the real story…. Yeah… Right !
And if you believe that, you’ll also believe that Nasa landed on the moon in 1969 too.
Even though Nasa is Unable to Produce even one Zoom-Shot Photo of the so called,
“Tranquility Base” The “Lunar Rover” would still show up in ANY Photographs of the
so called Tranquility Base wouldn’t they ??? Yet even though there are satellites
presently orbiting the moon, not even one (1) photograph of the so called “Tranquility
Base ” can be produced. Not even with the Hubble Telescope, somehow Nasa is not
able to produce even one (1) photograph of “Tranquility Base”. They will always site
some type of a “Technical” problem as their EXCUSE as to why they are not able to
produce even one (1) photograph of the “So Called Tranquility Base” Yet Millions
and Millions of dooped Americans still believe and swear up and down that Nasa did in
fact go to the moon with the very, very limited 1969 technology at that time…
Very sad isn’t it America… when the Truth & Facts finally come out.
January 15th, 2009 at 6:58 am
HAS ANYONE REALIZED THAT THIS 700 BILLION IS A RED HERRING? It’s a diversion from the REAL money being pumped out of the Treasury & FED. In case you forgot, they pledged UNLIMITED DOLLARS TO FINANCIAL INSTITUTIONS WORLDWIDE. This is the old magicians tactic of diverting your attention. Look at the action over there while I do this other stuff. So while everyone’s attention is fixed on the 700 billion, the top crooks are stealing TRILLIONS of dollars [DEBT BONDS]! Every dollar they hold is a dollar YOU have to back. The only value in these fiat dollars [Federal Reserve Notes] is your future labor. The FED & Treasury are enslaving us all while diverting our attention on a paltry 700 billion.
January 15th, 2009 at 7:44 am
You will never know, and if you ever find out you won’t be able to say anything about it because the US Government is a “shareholder” in the banks, not the board of directors of the banks. So there.
January 15th, 2009 at 8:01 am
How did we let our once great country come to this?We were the light of the world.
January 15th, 2009 at 8:15 am
How did we let our once great country come to this?We were the light of the world.
Now the folks that support this nation are falling fast!! We can’t even support our familys much less the country.GREED!!!! We let a bunch of lie’in,sorry cock suckers run us right into the ground! And what’s so bad is we will never be the same again!America is finished!!Our rights have been raped! It’s all of us who caused this!! We are all to blame!! We looked the other way when we knew in our gut what they were doing!And we done nothing!Right after right taken away, and we done nothing!We once had a set of balls!! Now, all we do is bitch and cry about how bad it is. Well , we helped make it this way by doing nothing!!Good bye America.We are sorry that we took you for granted.We don’t deserve you any more.It’s too late to wake up now!were FUCKED!
January 15th, 2009 at 8:20 am
WHY IS THIS SITE CHANGING WHAT I POST?
January 15th, 2009 at 8:22 am
YOU START CHANGING WHAT WE WRITE I WILL SEND THE WORD OUT ON YOU !
January 15th, 2009 at 8:22 am
FUCK INFOWARS!!!! tHE WORD WILL GO OUT ON YOU !!!!!!!
January 15th, 2009 at 8:28 am
Congress is now on YouTube. A clip with Nancy Pelosi has been broadcast on January 11. Its average rating is 2.5/5. It had more than 2,500 comments, most of them insults or criticism aimed at Congress and politicians in general. After only three days, the comments on this video have been disabled; I hate that because I enjoyed reading the various deserved insults that Congress got. They noticed this, so they cowardly turned off the PEOPLE’S FREE SPEECH. If they do that in YouTube, why would they want to preserve free speech anywhere else, knowing they will get torrents of justified anger?
Pack a gun and pay no taxes.
January 15th, 2009 at 8:59 am
Oooo, “Mike V” #26 is “going to send the word out on you”…. We better watch out now everyone! Mike V grow the fuck up! Moron loser! LOL!!!!
January 15th, 2009 at 9:04 am
“Mike V # 24-25″ Go cry to your mama, little piss pot. That filthy crack whore will know how to calm you down…
Why is all the religious nuts and 14 year olds coming here lately?
January 15th, 2009 at 9:54 am
Remember after Katrina they said it would cost around 2 billion to fix the levy’s and that sounded insane? Why do the politicians pretend to be poor? They must have been in on it, with all the expected kickbacks…they’re staying put to ensure the cover up/fix of what’s been going down. If the other conned/ripped off countries made a fuss and sued and so on involved parties names would all come out in court documents… while other parties are spending some of it on banks and other seemingly legitimate stuff that allows enough money to be spread out so that they can get their paws on it as bonuses/fake consultant fees, and of course more well hidden/confusing embezzlements. It should be easy for them in gov’t to pass something saying -Now we want to see Exactly where All the money went! If they say no, start fraud investigations immediately freezing the bank’s/institutions’ and culprit’s assets etc. Then list the Itemized figures on a gov’t website for all to see.
January 15th, 2009 at 11:34 am
The TARP Bill says he can spend the money, loan it out or disburse the funds any way he sees fit, with no accountability to answer questions except through an oversight board. Well folks that board has never been convened or chosen, least not where I have found. Congress can bitch all they want as a dog and pony show for you, but they know that the fact remains, they are not the oversight committee and he does not have to answer to them. For the simple fact that “THEY VOTED TO DO THIS”.
They put on a great show and it’s amazing that most people I know, still live in the Leave it to Beaver era and don’t any of this. I feel for them, and anyone who doesn’t realize how history is rearing it’s ugly head again to transfer most of the wealth of the United States into a group of men’s hands that are determined to do only one thing, and that’s to dominate the world.
But still, no revolution.
January 15th, 2009 at 11:53 am
The 2009 Depression will be different than 1929. This time they are going to set-up
picnic benches. Everyone will be seated with a hot meal. And next to their plates will
be a stack of money. So people will leave the table with a full stomach and money
to spend. Pretty nice…hah ?
January 15th, 2009 at 12:07 pm
Congress didn’t place any conditions in their panic response to the Bankers claiming “martial law if you don’t do what we say” and now we know who is BLATANTLY running our country. The Congress does not respond to the Voters… but they sure as hell jump through flaming hoops for the Banking Industry.
It is ashame that J.P. Morgan is not around to gloat at the scam in it’s maturity.
January 15th, 2009 at 12:37 pm
I predict that the crooks in Congress will band together to hand over yet more billions to the crooks on Wall Street.
Not only that. I predict further that Congress will make borrowing a trillion $ per year to fund a slush fund for the bankers a PERMANENT budget feature.
Rich people stick together and politicians, judges and generals stay bought. Everyone lives happily ever after. (At least they live like Bernie Maddoff.)
Three, six, nine the goose drank wine,
The monkey chewed tobacco on the street car line,
The line broke,
The monkey got choked,
And they all went to heaven in a little row boat.
Also, Mexico Bailout II is coming soon. (Remember the Clinton Bailout of Mexica in 1995?) Trillions all wrapped up in a neat little bow decorated with probable US military intervention. Definately CIA involvement. Too much drug money at stake to lose control in Meh-he-co.
January 15th, 2009 at 2:11 pm
FCUK O”BAAA”MA BIN LADEN, AND HIS ZIO-NEO-SCUM-CRIMINAL-CRONIES !!!
INFO-WARRIORS —————————————————– ENGAGE THE INFOWAR
LET’S RETURN POWER 2 THE PEOPLE,
RETURNED BY THE PEOPLE,
AND RETURNED 4 THE PEOPLE.
IT’S REVOLUTION TIME FOLKS
———————————— REVOLUTION TIME 
January 15th, 2009 at 2:16 pm
#36 DJORB, Please STFU.. Nobody’s interested in your stupidity.. Try to think up funny shit like.. HEY PAULSON YOU BALD HEADED TURD!! I HOPE I HAVE THE PLEASURE OF ASS FUCKING YOU DRY IN HELL SOMEDAY!! IM GONNA PULL IT OUT SHITTY AND PLOW IT IN THAT PRETTY MOUTH OF YOURS YOU BRAINLESS CHROME DOME SCUMBAG!!
There, THAT’S funny!!
January 15th, 2009 at 3:10 pm
Yo Mike V
I’m havin the same problems. this is bullshit
January 15th, 2009 at 4:32 pm
me too
January 15th, 2009 at 4:34 pm
This site involves itself in censorship. I guess they really do a have a ‘war for yer mind’ eh?
January 15th, 2009 at 5:46 pm
PLEASE WATCH THIS NEW GOOGLE VIDEO ! AMERICA ENSLAVED – “AMERICA IS BEING DESTROYED FROM WITHIN, BY THE NEW WORLD ORDER NEO-CONS AND THEIR TYRANNICAL SYSTEM OF ENSLAVEMENT BESTOWED UPON THE AMERICAN PEOPLE AND SOON ACROSS THE WORLD !” http://video.google.com/videop.....4254969297
January 15th, 2009 at 6:14 pm
#39+#40. Explain HOW you are being censored as I have never been. You sounded like you’re all the same person trying to spread dissention, paranoia etc. -Sometimes I do wait an hour to see something I’ve written. Sometimes the page disappears into an archive or something if it’s been on for a while and is being replaced on the Homepage,.. Explain yourself/ves.
January 16th, 2009 at 2:28 am
posts 39 & 40 and everyone.
I am censored frequently and even gaged on certain issues.
It has not been too bad lately, but, sometimes it’s non-stop censorship on certain issues, if it’s hitting the wrong nerve, or shining a light where someone does not want the light to go.
You could say, someone/something is adulterating/biasing the census of chatter.
Back when I posted on mainstream’s compuserve forum, it began slowly at first and then escalated to full censorship when I began to mention Ron Paul. Over time, it became like a behavior modification twist, where if you mentioned Ron Paul your post never got onto the forum, especially if you were a supporter.
No doubt in my mind it was harrassment of Ron Paul supporters, by censoring them increasingly to the point of having one’s password at the main office hyjacked from somewhere in Florida, address unknown and I had to start a new account altogether and scrap compuserve.
I chased it and got some BS that I had somehow offended someone on their staff and they accused me of having multiple identies which I had not, then it was mispelling of my account and then finally total detatchment when my account password got hyjacked from somewhere in Florida by God knows who. The hijavker actually posted opposite my opinions using my cccount and name on things from sports in the news to politics and it all got stuck in my jacket, as the phone would ring and ask if so & so “me” was still living? They had an accent like they were not from this country, mybe India or something. It was really wierd to say the least.
No lie, that’s what really happened.
January 16th, 2009 at 2:41 am
Add to previous – censorship
Other times I would get phone calls when on the net and posting to a forum and I got to recognize the call and voice. It was a tape recording of GWB’s voice, repeating, “sorry wrong number” followed by a click – hang up.
No lie that’s what was actually happening a few years back when I was using compuserve and I always wanted to tell others about it, but it was so crazy I only mentioned it once or twice, as the censorship then got really bad.
This is really true and I am not telling anyone a lie abouit this. That’s what happened.
Because of how things are turning out, I am not holding anything back now, so let the shit fly and this shit is the real deal.
January 16th, 2009 at 3:09 am
I should also add to my former post(s) FYI to all
I was really sick with an unidenfiable infection that almost killed me was on major antibiotics and other meds for heart, kidney and a bunch of other stuff that the doctors should never have mixed, ritght after 9/11. I was on maximum dose Cipro for six(6) months and a hand full of other antibiotics and meds for three (3) years following 9/11 and live miles away. That and the BP meds made my lungs fill up with hard mucos.
I have worked in structural engineering all my life and I am now nearly 60. As I posted way back when about all this, is when I got really sick and in my line of work payments can be held back on public bid work, if things are not done right.
Some other guys I knew in the same line of work as me actually died of weird conditions and diseases in and around that same time and the entire thing was AFU when it all came down.
It really makes me ask more questions, realizing it goes way beyond the odds, WAY BEYOND and I am not telling just a story here, I am telling you the truth and my personal experiences during a tumultious time in our nation’s history.
It later all clicked, when the Fed required employers to fill out forms and list of names of who would replace who, if and when an epidemic strikes. Yeah right, an epidemic of who they’re gonna kill next.
I got out of it by quitting all meds and stopped seeing my doctors that wanted to cut me open and do all kinds of stuff. I got into naturopathic and alternative medicine and recovered. Where I was and didn’t fully realize it was, if I had taken all the prescibed pills I would be dead today, since now the black box warnings show everything I was on as a mixture was a fatal combination. Is there any coincidence with that ????
Why does anyone think or wonder, why I now think and believe the way I do????
What cured me was $50.00 worth of herbs and a list of vegetables that can be had at any supermarket in America. How come my doctors and the AMA don’t know that??????????????
January 16th, 2009 at 3:49 am
I must be hitting a real nerve again.
reattempt, Testing, 1, 2, 3 – - -
January 16th, 2009 at 3:50 am
I must be hitting a real nerve again.
reattempt, Testing, 1, 2, 3 – - -
OK Wordpress what now????
January 16th, 2009 at 4:08 am
I must be hitting a real nerve again.
reattempt, Testing, 1, 2, 3 – - -
OK Wordpress what now????
Testing, 1, 2, 3 – - -
January 16th, 2009 at 4:18 am
I got cut between posts #45 & #46
Sorry, I don’t mean to hog this forum and I am attempting to covey a concept.
What got cut is, that my situation appears in my mind to have been a strategic hit, because my doctors seemed to be out of the loop as far as critical diagnosis goes, in regards to my electronically sent medical files.
Thye kept missing the obvious like it was ha ha keep away and it was done via manipulation of electronic medical records, very strategic like a smart missle that hits specific targets in the genral population.
That’s what it reminds me of, when looking at my case and all the new laws that have been passed, as it unfolded. My camp was hit and several died and that is really AFU, imo. When you realize our medical records go off shore all the time, whew, has anyone thought about smart missiles and manipulated medical files that can selectively kill those in the know??? You gotta admit, it sounds like a military strike that’s highly strategic and directed at specific individuals, as if it were a refined version of a laser guided tommahawk.
January 16th, 2009 at 4:19 am
I got cut between posts #45 & #46
Sorry, I don’t mean to hog this forum and I am attempting to covey a concept.
What got cut is, that my situation appears in my mind to have been a strategic hit, because my doctors seemed to be out of the loop as far as critical diagnosis goes, in regards to my electronically sent medical files.
Thye kept missing the obvious like it was ha ha keep away and it was done via manipulation of electronic medical records, very strategic like a smart missle that hits specific targets in the genral population.
That’s what it reminds me of, when looking at my case and all the new laws that have been passed, as it unfolded. My camp was hit and several died and that is really AFU, imo. When you realize our medical records go off shore all the time, whew, has anyone thought about smart missiles and manipulated medical files that can selectively kill those in the know??? You gotta admit, it sounds like a military strike that’s highly strategic and directed at specific individuals, as if it were a refined version of a laser guided tommahawk.
testing, 1, 2, 3 – - -
January 16th, 2009 at 4:26 am
We are under a highly strategic and full blown attack!!!
January 16th, 2009 at 7:47 am
The Pope
Posted: January, 15, 2009
Ola Stewart & Janet,
How are you? Isn’t the circle closing for the staged alien invasion/one world government?
The White House set a forum where people can vote for certain “change” topics. Guess what…. one of them is UFO DISCLOSURE. Also, I would like to report that while visiting Australia last year, the Pope had a meeting/conference with leaders from all religions and he clearly called for UNIFICATION OF ALL THE WORLD RELIGIONS. That was on main stream media at the time. He was highly applauded by Jews, Arabs, and the lot. It was shown on TV.
Stewart’s Reply: Very telling. Thank you for sharing that info. Good to hear from you again.
http://expansions.com/QA_Comments.cfm
January 16th, 2009 at 8:54 am
Hey henry8 etc. don’t link some previous incident with the here and now dolt! A bunch of flakes are trying to stir up worry about posting here or ?.. I’ve never had prob’s with censorship ever. And I’ve been ‘quite rude’ on occasion. The server is suspiciously slow, though I tend to trust Alex as this sight exudes way to much dissention to be a gov’t puppet/black op thingy. I wonder if the posts get redirected via/whitehouse and back for scrutiny but expect them to be reading all we write anyway so who cares. I heard the ‘msnbc’ website sells your info (tracking) to 16 other companies, and my firewall shows several companies involved in me getting onto the sight? I’m curious about that…