Has Congress Jumped The Gun

Posted by Jim Vicevich on January 16, 2009 at 8:05 am | Share via e-mail

The Senate, led by Chris Dodd, released the rest of the $350 billion in TARP funds … but was it really necessary? You decide.

Filed in: Economics Tags: bailouts, Chris Dodd, TARP

About Jim Vicevich

Jim is a veteran broadcaster and conservative/libertarian blogger with more than 25 years experience in TV and radio. Currently, Jim's the host of The Jim Vicevich Show on WTIC 1080 in Hartford. Prior to radio, Jim worked as a business and financial reporter for NBC30 - the NBC owned TV station in Hartford - and as business editor at WFSB-TV in Hartford for 14 years while earning six Emmy nominations and three Telly Awards.

View all posts by Jim Vicevich →

From the owners: This section is for comments from Radio Vice Online's registered readers. Never assume the owners of this site agree with or otherwise endorses any particular comment just because we let it stand. Anyone who fails to comply with our terms of use - a must read if you wish to contribute here - may lose their posting privileges. Just because we've let a similar comment stand in the past does not mean we'll let it stand in the future.

One Response to "Has Congress Jumped The Gun"

Rick-WH says:

January 18, 2009 at 2:54 pm

It's time to call a spade a spade, if you pardon the term. It isn't clear that spreading the TARP, so to speak, last fall or now was ever necessary. It did allow Henry Paulsen, with the support of Democrat committee chairs like Chris Dodd (D-Connecticut) and Barney Frank (D-Massachusetts), to make whole (and beyond) their buddies in the investment banking, mortgage and commercial banking industries. We will never know where the money went or why it was really sent there. Someone on the inside will write one heck of a book someday (under an alias, of course) and we will be paying off this debt over decades.