24 September 2009

The Transparency Of Governomics.

Well, this is reassuring...
The government is failing to disclose the full details of how the $700 billion bailout of the financial sector has been implemented, the program's top government watchdog will say on Thursday.

Neil Barofsky, the Special Inspector General over the Troubled Asset Relief Program (TARP), will testify to Congress that the government's "basic attitude" on the transparency and accountability of the program "remains a significant frustration."

"TARP largely remains a program in which taxpayers are not being told what most of the TARP recipients are doing with their money and will not be told the full details of how their money is being invested," Barofsky will say.
And the money quote:
"It is extremely unlikely that the taxpayer will see a full return on its TARP investment," Barofsky will say.
Something to remember when you hear all of those milk-and-honey promises from The Left/Mainstream Media about government control of your health care.

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