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May 8, 2009

More TARP Fund Corruption Rumors

-- by Dave Johnson

See Are AIG FP Employees Using Bailout Cash To Get Jobs Elsewhere? Looks Like It, Says AIG Source

Here's the new scheme. Employees at firms like AIG are manipulating their TARP money to give hugely favorable deals to other companies. The other company gets a windfall, the employee who handed over the money gets a new "job" for extremely high pay. In other words, a bribe.

Posted by Dave Johnson at May 8, 2009 7:57 PM


They're just playing by Dodd's and Geithner's (and hence Obama) rules.

Posted by: Scorpius [TypeKey Profile Page] at May 8, 2009 10:22 PM

Can we just treat Wall Street like a crime scene, which it is, and be done with this farcical approach?

Posted by: Batocchio [TypeKey Profile Page] at May 9, 2009 1:26 PM

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