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Wednesday, February 3rd 2010
9:44 AM
Bailouts could lead to bigger meltdown
Federal Watchdog: TARP Program Opens Way for Deeper Economic Meltdown
(CNSNews.com) – Neil Barofsky, the man tasked with overseeing the administration of the Troubled Assets Relief Program (TARP), told Congress in a report released Sunday that the bank bailouts have cleared the path to another financial crisis -- potentially even more grave than the 2008
White House Report: First Three Years of Obama Will Bring Three Largest Budget Deficits Since World War II
(CNSNews.com) - The historical budget tables released Monday by the White House along with President Barack Obama’s budget indicate that the first three years of Obama’s presidency—2009, 2010 and 2011—will feature the three largest annual budget deficits (when measured as a percentage of GDP) since World War II...
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