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"If you take a meaningful amount of TARP money, you need to tighten your belt".
Also, they found a positive relation between banks' political contributions and lobbying expenditures and the amount of TARP funds received, concluding that "the effect of political influence was strongest for poorly performing banks".
"We are busy in Washington with a corrupt government, with a government that I said more than a year ago was perhaps -- because of the money, because of the amount of TARP and stimulus funds -- was going to be the most corrupt government in history, and it is proving to be that, just exactly that," Issa said in a Bloomberg television interview.
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BOA is accused of deliberately withholding information regarding its billions of dollars in losses from BOA's fall 2008 acquisition of Merrill Lynch during the government bank bailout in order to deceive shareholders to invest billions, and obtain a bigger federal bailout and larger amounts of taxpayer TARP money.
amount of tax involved.
Now they're under a tremendous amount of scrutiny, especially under TARP, so we're seeing almost no spending".
"We're in a world of TARP and non-TARP".
Even so, it's hard to shake the "son of TARP" or "TARP Jr".
| The former special inspector general of TARP critiques bailout policies.
"The idea of TARP repayment is a nonsense," steams a Wall Street executive.
Says Mike McCoy, spokesman for SunTrust Banks, the second-largest remaining recipient of TARP funds: "We have said consistently that we have the desire and liquidity to repay TARP.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com