Yesterday I watched the U.S. House of Representatives in the Committee Oversight and Government Reform, concerning the Troubled Asset Relief Program Report. That’s the Federal bailout of Wall Street, Big Banks, and Large Corporations saved by taxpayer money.
The bipartisan committee members asked tough questions and the respondents gave credible answers.
The chairman of the Committee, Darrell Issa, asked that instead of a Net Profit report in subsequent committee sessions on TARP, that two reports be given. First a report that shows what procedures brought in a profit and one that shows what procedures brought in a loss. This would provide a clearer direction for Committee members to pursue in this matter.