Is the Troubled Asset Relief Program Vulnerable to Fraud?

Yes. Of course
99% (3342 votes)
No. Safeguards can be used to protect taxpayers and the government
1% (23 votes)
Other (leave comment)
0% (14 votes)
Total votes: 3379
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What do you mean, vulnerable

What do you mean, vulnerable to fraud?  It IS fraud in itself.

It IS fraud in

It IS fraud in itself

Hear hear.

Nuke em til they glow then shoot em in the dark.

It Is Fraud

Which is why I voted "other." 

"You can have Peace or you can have Freedom; just don't count on having both at the same time." - R.A.H

 "I'll take the harsh reality of liberty over the illusion of security...everytime!" -me<

TARP is a total joke

Government never fixes anything, it only makes things worse. Economically illiterate socialists will always think otherwise.

Obama: "Cap & Trade Will Cause Electricity Rates To Skyrocket"

Gee...ya think???

Gee...ya think???

And they want to run the healthcare industry???

Yeah

"And they want to run the healthcare industry???"

 

and watch the fraud THEN, it'll make medicare fraud look small.

It is specifically designed

 

It is specifically designed to be defrauded by politicians, bankers, assorted lenders, and barney frank.

It has more holes than stars in the sky, or living brain cells in their heads. (2)

It is all a payoff for all the help over the years and they don't want it to be traceable back to anybody.

 

http://gjresult.com

 

We're going to

We're going to need mandatory FREEZER checks. We know how the Dims like COLD CASH!

You guys are too cynical.....

....don't we have Barney Frank and Chris Dodd to keep an eye on things? 

I trust them, don't you?

www.campaignforliberty.com

Why, yessir, I do. Just as I trust John Kerry to release ...

...his full military records, something he promised back in the fall of 2004 or so, wasn't it?

Oh, yes, I trust these fellows just as much as I do Barack Obama to unite America, be post-racial, be beyond partisan politics and, let's see, deliver on whatever else he's promised.

→ Trust

And I trust Diane Feinstein was in no way involved with her husband's company getting a gigantic FDIC foreclosure/resale contract.

Testify brother.

/sarc


LYDSEXICS UNTIE!

Am I wrong

Or didnt we learn a few years ago that Feinsteins Husband was also awarded defence contracts as well? Seems I remember hearing about this.

 

My Gov. thinks I am dangerous, so be careful

"Television is a freak show" Bernie Goldberg

→ You are right

But these are just coincidences.  Certainly the Senator wouldn't pillow-talk her husband into buying 10 million shares of CBRE just before she offered $25 billion to CBRE's benefactor.

That would be insider trading, and certainly she has more respect for the rule of law than that.

And it don't rain in Indianapolis in the summer5time.

Obama - A whole new dementian

Why cant the liberals

See this and relize this crap is wrong, they claim to hate the rich, but yet they allow THIER Reps to use thier office to steal and cheat their way to fortune, even stealing from the very voters electing them? And they wonder why we cant understand them? 

 

My Gov. thinks I am dangerous, so be careful

"Television is a freak show" Bernie Goldberg

yes and

if anyone is interested - the oversight reports (SIGTARP) can be found here.  The opening paragraph of the second report is an eye opener. 

The Troubled Asset Relief Program (“TARP”) now includes 12 separate, but often interrelated, programs involving Government and private funds of up to almost $3 trillion— roughly the equivalent of last year’s entire Federal budget. From programs involving large capital infusions into hundreds of banks and other financial institutions, to a mortgage modification program designed to modify millions of mortgages, to public private partnerships purchasing “toxic” assets from banks using tremendous leverage provided by Government loans or guarantees, TARP has evolved into a program of unprecedented scope, scale, and complexity. Before the American people and their representatives in Congress can meaningfully evaluate the effectiveness of this historic program, that scope and scale must be placed into proper context, and the complexity must be made understandable. That is what this report attempts to do.

 

I love to help the helpless but I'm not gonna help the clueless   ~Dennis Miller

this was not intelligent design

"... TARP has evolved into a program of unprecedented scope, scale, and complexity." 

Evolved? Excuse me, but TARP began as a program of unprecedented scope, etc.

                  ~~save your tea, dump congress~~

just asking

How is that Katrina Recovery accountability going?

                  ~~save your tea, dump congress~~

Does a bear...

... uh, live in the woods? 

 

"Our Constitution was made only for a moral and religious people. It is wholly inadequate to the government of any other."-John Adams

Well, maybe not. That is, when they're living on Wall Street . .

. . .having driven the bulls away.

Both of you guys above have

Both of you guys above have me laughing!

Doubling down on stupid is not a particularly good idea. ~Andrew Breitbart

there is no such thing as a

there is no such thing as a government program immune to fraud.

 It's gonna get milked. 

ALL government programs are

ALL government programs are vulnerable to fraud.  After all, they are written by lawyers, aren't they?  When money like what they threw down in TARP gets thrown into the process, every crook in the loop can get his/her piece (Case-in-Point... Feinstein (Dem/CA) and her husband - getting fed dollars for his real estate co).

it'z only $$$

let's see, if bathe haus barney & the flipper  & da'swimmer are working on this ,$$$. mmm??

Lord, Help Us!  I said

Lord, Help Us! 

I said the same thing myself.  Is there any 'program' that isn't a joke?

kath!

Pure fraud...just like 3/4 of congress along with the Dear Leader and his crew.

Hey kath...where the heck have you been hiding?

So great to see you here...I have thought of you often, miss your way with words!

Doubling down on stupid is not a particularly good idea. ~Andrew Breitbart

How can they not be a joke? After all...

 . . .they've come out of a Democrat-controlled Congress, supported by fake Republicans and conservatives, and championed by the biggest current political joke imaginable, he who resides in the White House.

LA Times Today

LA Times article from today, Crimes Suspected in 20 Bailout Cases: http://www.latimes.com

I suspect that crimes involved in the financial bailouts are too many to ever be found out and prosecuted. As a reminder from last year, here's possibly one of the first ones: How Chuck Schumer Caused the Second Largest Bank Failure in US History: http://www.cnbc.com/id/25654303

If I were to author a dictionary and actually define fraud...

It would be a very short definition:

T.A.R.P.

-Dave

This coup has gone on long enough. The time to put it down is NOW.

Respectfully, Dave, your definition is wrong. Fraud =

Obama.

TARP is a symptom thereof.

Well, actually, a byproduct thereof.

Not only is the TARP program vulnerable to fraud

The entire program is itself a fraud and completely unconstitutional.

Hey, I got the wrong "CHANGE"!

www.loyaltoliberty.com

IF the conservative media haven't already pointed this out...

. . .they should: This is much worse than the purported Halliburton misspending and other contractors' misspending in Iraq.

Of course, just the like you no longer hear of the daily American-military deaths in Iraq and Afghanistan, as we did every hour on the hour when Bush was president, we won't hear about this, will we?

Come to think of it, we don't hear of those deaths because we're not longer at war with terrorists, are we?

TARP IS FRAUD!

IT'S FRAUDULENT WAY OF ADDRESSING A FINANCIAL CRISIS.

IT IS A COVER UP FOR THE CORRUPTION OF FANNIE MAE AND FREDDIE MAE.

IT IS A COVER UP OF THE DIRTY TRICKS AND CORRUPTIONS OF THE FEDERAL RESERVE BANK AND ITS BOARD.

....

 

NOW...

 

IT HAS BECOME A HAVEN FOR OBAMA'S CORRUPT MINIONS. 

Yes. A no-brainer.

Yes. A no-brainer. Government programs are by definition frauds.

Civilization is the progress toward a society of privacy. The savage's whole existence is public, ruled by the laws of the tribe. Civilization is the process of setting man free from men. - Ayn Rand