Wednesday, July 14, 2010

Sen. Judd Gregg TARP praise at sharp odds with Reuters report Obama scolded for complete failure to track TARP

  • 7/13 on MSNBC on Chris Matthews, Senator Gregg said TARP was a great success, has made $17 billion for US taxpayers and companies have paid back most of the money.
Matthews said other republicans criticize TARP, Gregg said they are wrong.
  • and has not even begun to look at 3 of the 6 companies involved (Reuters cites "Treasury" for failure, doesn't actually use Obama's name):

Reuters, 6/29: "The Office of the Special Inspector General for the Troubled Asset Relief Program (Sigtarp) said Treasury was

"Twenty months into its administration of TARP, Treasury simply has no legitimate excuses as to why it has still failed to accomplish

Either
  • Judd Gregg was badly misinformed, or
  • Judd Gregg is lying.



""Well, they're wrong, "said Gregg. "The simple fact is that T.A.R.P did what it was supposed to do, it basically saved the financial system on Main Street.""

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