Bailout Bait And Switch?
Wednesday, January 14, 2009

The financial industry bailout was supposed to help troubled mortgage holders and free up credit lending. So why have the firms used the money to buy up smaller banks? Join Sharyl Attkisson as she reports on this disturbing misappropriation of the federal TARP funds. Click below to watch the report.

Watch this Video http://originatortimes.com/content/temp ... &zoneid=12

Related Articles :

* Who’s Really to Blame for the Banking Meltdown? http://originatortimes.com/content/temp ... =3684&z=12
Anyone who has picked up a newspaper or turned on the TV over the last few months were led to believe that the current housing crisis was caused by greedy wall street types and unscrupulous mortgage lenders. As industry insiders we all know that although there were some bad apples, by enlarge most of our industry was just doing their jobs, getting people into homes using the programs that were readily available. So then what went wrong and who is really to blame for the meltdown of the country's banking system?


* Survey: Majority Opposes Using Bailout Funds to Help Defaulting Homeowners http://originatortimes.com/content/temp ... =4051&z=12
As a new Congress and the incoming Obama Administration prepare to tackle record numbers of foreclosures that have depressed real estate values, a new national survey found that a majority of Americans, 51 percent, opposes using Federal bailout funds to help pay the mortgages of homeowners who are in default.


* Builders Testify Before Congress On Use Of TARP Funds http://originatortimes.com/content/temp ... =4093&z=12
As Congress considers releasing the second half of the Treasury's $700 billion Troubled Asset Relief Program, the National Association of Home Builders urged lawmakers to use a portion of the funds to stem the rising tide of foreclosures and increase the flow of credit for housing production.

http://originatortimes.com/content/temp ... &zoneid=12