July 21, 2009

TARP Inspector General Says The Tab Could Reach $23.7 TRILLION

Neil Barofsky, the inspector general for the Troubled Asset Relief Program, delivered his report to the House Oversight and Government Reform Committee today. And it ain’t pretty. Barofsky, the top watch-dog over TARP, is a (thankfully) independent IG, one who is not appointed by Obama. IGs are tasked with impartially overseeing their respective tasks, Neil’s […]

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March 4, 2009

Ben Bernanke Refuses Transparency

“To lay, with one hand, the power of the government on the property of the citizen, and with the other to bestow it upon favored individuals to aid private enterprises and build up private fortunes, is none the less robbery because it is done under the form of law and is called taxation. This is […]

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January 22, 2009

Tennessee Senator Bob Corker Urges President, Congress To Admit US Banks Are Insolvent

Sen. Bob Corker (R-TN), rose to speak on the floor of the Senate yesterday on the stimulus package. His message was simple: Our banking system is insolvent, and until that is dealt with, no amount of money we put into the system will work. While Corker is a staunch fiscal conservative, ideologically opposed in general […]

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January 10, 2009

I.O.U.S.A.

For those of you who haven’t seen “I.O.U.S.A.”, and missed CNN’s airing of the condensed version, here it is. The film is highly acclaimed, and has been a big hit. It’s about the staggering amount of money – ($53 trillion at the time the film was released in 2008) in financial obligations owed by the […]

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December 22, 2008

Banks Refuse To Give Specifics On How They Spent Bailout Funds

Sad to say, but this horse has left the barn, and we taxpayers have little chance of it coming back. We’ve been loudly ringing the bell on the bailout here at Right Soup, so it’s no shock to us that the well-connected bankers who’ve received incredible amounts of our tax dollars via the TARP to […]

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