Sunday, January 25, 2009
Nancy Pelosi wants more TARP money than the 700 billion already wasted
Do all our Congressmen and Congresswomen own bank stock? We have already committed 700 billion dollars to bail out banks and institutions posing as banks. House Majority Leader Nancy Pelosi doesn't think that will be enough. She is willing to
Pelosi signals willingness to add to TARP funds
WASHINGTON (Reuters) - U.S. House Speaker Nancy Pelosi said on Sunday the federal government may need to pump more taxpayer funds into the faltering banking system and that taxpayers should receive equity as compensation.
Pelosi told ABC's "This Week" program that "some increased investment" might be needed beyond the $700 billion approved last year under the Troubled Asset Relief Program, or TARP, to stabilize the nation's banks and get them to resume making loans. Excerpted from reuters.com
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