Barney Frank Helped Home State Bank Get Bailout Money

24 Jan

Posted by MacRanger as Bail Outs, corrupt democrats

Barney Frank (architect of the mortgage mess) apparently used his position to give a bailout to his home state bank.
“Troubled OneUnited Bank in Boston didn’t look much like a candidate for aid from the Treasury Department’s bank bailout fund last fall.
The Treasury had said it would give money only to healthy banks, to jump-start lending. [...]

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Bush Bailout of Car Makers Illegal?

19 Dec

Posted by MacRanger as Bail Outs, Bailouts, Bush, News

Could be. This morning it was announced that the Bush administration will use TARP funds to make loans to the auto dealers.
“The White House announced a $17.4 billion rescue package for the troubled Detroit auto makers that allows them to avoid bankruptcy and leaves many of the big decisions for the incoming Obama administration.
Speaking [...]