Wednesday, October 21, 2009

TARP Repayment: More Bad News For The American Taxpayer

Note to family and friends: Updates on Mr. AOW are being added to this post.

According to this article in the Washington Times, the taxpayers are going to get the shaft when it comes to getting their money back — never mind all the politicians' promises at the time the TARP funds were allocated.

But there's something else too:
AIG has missed three TARP dividend payments to Treasury as of Sept. 30. If the company misses a fourth payment Nov. 1, Treasury will have the right to elect directors to the AIG board.
More at this link. Read it and weep.

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posted by Always On Watch @ 10/21/2009 07:51:00 AM