Bailout Baloney - Banking

Scaliger, Charles
March 2010
New American (08856540);3/1/2010, Vol. 26 Issue 5, p19
The article discusses the implication of the Troubled Asset Relief Program (TARP) in the U.S. It tackles the bailout of financial services in the country using the dollars of taxpayers including American International Group Inc. (AIG), Merrill Lynch & Co., and Washington Mutual Inc. Also included in the bailouts are three American automotive corporations. However, U.S. Bancorp chief executive officer (CEO) Richard Davis comments that the TARP was a bait-and-switch government program.


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