Banks Not Out of Trouble Yet

The Congressional Oversight Panel of the Troubled Asset Relief Program (TARP) reports that “The financial system [remains] vulnerable to the crisis conditions that [the bailout] was meant to fix.”

Close to a year into the federal bailout program, the troubled assets “remain a substantial danger to the financial system,” according to a draft of the report. “Financial stability remains at risk if the underlying problem of toxic assets remains unresolved.”

Matthew Vadum

The author of Subversion Inc.: How Obama’s ACORN Red Shirts are Still Terrorizing and Ripping Off American Taxpayers (WND Books, 2011), Vadum, former senior vice president at CRC, writes and speaks widely…
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