Financial Bailout: ‘What Is the Exit Strategy?’ House Republicans Ask

[Revmitchell]

Now that the government has spent $350 billion of the $700-billion financial bailout package, how is that taxpayer money contributing to the nation's economic recovery? And how will the government get out of the banking business?

House Republicans want to know, and on Tuesday, they sent another letter to Treasury Secretary Henry Paulson and Federal Reserve Board Chairman Ben Bernanke, raising concerns about the "lack of transparency" in the Troubled Assets Relief Program (TARP).


More Here

 

[EdSutton]

And how will the government get out of the banking business?

Likely, the same way they got themselves into it - by writing another $700 Billion cold check!

Ed