Wednesday, July 22, 2009

TurboTaxTimmy Sees the Bus Heading for Him

It won't be long before the ObamaBus claims another victim.

The Treasury Department took a bipartisan beating on Tuesday from lawmakers who claim the agency has failed to live up to its promises of transparency in handling the federal rescue of the financial system.

"The taxpayers now have a $700 billion spending program that's being run under the philosophy of 'don't ask, don't tell,' " Rep. Edolphus Towns, (D-N.Y.) said during a hearing on the Troubled Assets Relief Program, or TARP.Rep. Darrell Issa (R-Calif.) went as far as to compare the Treasury's refusal to provide regular updates on how TARP money is being spent to the way convicted Ponzi scheme mastermind Bernard L. Madoff misled his clients. . . .

When, not if.

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