United Liberty
Mitchell E Abeln
Recent Posts From Mitchell E Abeln
Federal Government Lacks Courage to Hold Businesses Accountable
Wed, 11/12/2008 - 11:56am | posted by Mitchell E Abeln
The Treasury Department has allocated $250 billion to buy senior preferred shares of dozens of the nation’s largest banks as part of the “Troubled Asset Relief Program,” (TARP). Our government however, has haphazardly invested these relief funds in banks that have shown a propensity for making irresponsible and imprudent business decisions. On top of a lack of disclosure of the criteria for approved banks the government has displayed no consideration for the American public. By printing new money and diluting existing shareholder positions our leaders have proven they care more about saving poorly run businesses than their constituents.
