
This is an official charting of the TARP funds. The program was to have spent 700 billion. Instead, it has been used to channel 25 trillion dollars. It was set up in September of 2008 under Bush, but was managed by Obama appointees. The chart shows the funding overages thru March of 2009. Three years later, the overages amount to trillions of dollars. Doubters of this report need only to "google" - TARP 24 trillion.
Please note: the 3 trillion price tag versus the intended 700 billion tag.
This information comes from the Special Inspector General in charge of oversight of TARP expenditures. Passed under Bush, this fund was managed by the Obama administration after Bush turned it over to that Administration. Where is the outrage?
Understand this: the total funds ran through the TARP legislative structure during its first two years is closer to 25 trillion dollars. All of this money went into the banking industry at one level or another - here in the States and abroad. Only a handful of people actually know where the money went, but know this - this country is swimming in dollar bills. Is that the same as saying "we are swimming in money?" I really do not know. I do know this, however: Midknight Review is the only political web site you will find, concerned over this issue.
Elizabeth Warren, the commie babe out of the Obama Administration, was one of the 5 "civilians" selected by Obama to oversee the TARP fund. She is now running against Scott Brown for his Senate seat. Know this: the redistributionists within the Obama Maest, control more money than Carter has pills.
Click on image to enlarge; then depress "ctrl" and strike the "plus key" (+) repeatedly to continue enlarging to a readable size. Something in the formatting is preventing me from posting the original size of this chart.
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