Taxpayer Theft: Taxpayers May Lose Out in TARP Paybacks
Americans were promised a reward for rescuing the nation’s banks. In return for all those bailouts, the banks essentially granted stock options to the government — a potential jackpot for taxpayers once the crisis blew over.But now banks, eager to get Washington out of their hair, are pushing to undo those investments as quickly — and cheaply — as possible. If the Obama administration acquiesces, billions of taxpayer dollars could be left on the table…
Continue reading. This is absolutely absurd. Anyone who isn’t upset—now should be.
