Where Did Your TARP Money Go?

TARP, the Troubled Asset Relief Program was money the federal government lent to banks to alleviate the suffering of millions of AMERICANS who were in financial trouble due to the recklessness of those banks and other financial institutions. So what did Citibank do with the money the government earmarked for AMERICAN relief?  Shortly after recieving billions of dollars in TARP funds from the U.S. government they lent 8 billion dollars TO DUBAI!

Now it seems that Dubai is likely to default on that loan, digging Citibank into a deeper quagmire of debt! As of December 1, 2009 Citibank is the only large financial institution that has not paid back its TARP money. Now it seems that this deby may never be repaid. As owner of more than 1/3 of Citibank's shares, The Federal government needs to fire the entire board of directors of Citibank as well as Ben "Bail 'em-out" Bernanke. This is just another prime example of our own governments ineptitude.

When it comes time for reelection, I hope the American people will not have a short memory and will vote every member of the Congressional Finance Committee out of office, starting with the head liar, Barney Frank who has received millions of dollars in campaign contributions from the financial industry lobby (talk about a conflict of interest. Would you like to see how your elected officials in congress are still circumventing the ethics rules regarding taking money from big business? See the NY Times article for Monday, December 7, 2009. http://www.nytimes.com/2009/12/07/us/politics/07trips.html

Here is a long but complete list of the congressional finance committee:


Rep. Barney Frank, MA, Chairman and Chief DoDo
Rep. Paul E. Kanjorski, PA
Rep. Maxine Waters, CA
Rep. Carolyn B. Maloney, NY
Rep. Luis V. Gutierrez, IL
Rep. Nydia M. Velázquez, NY
Rep. Melvin L. Watt, NC
Rep. Gary L. Ackerman, NY
Rep. Brad Sherman, CA
Rep. Gregory W. Meeks, NY
Rep. Dennis Moore, KS
Rep. Michael E. Capuano, MA
Rep. Rubén Hinojosa, TX
Rep. William Lacy Clay, MO
Rep. Carolyn McCarthy, NY
Rep. Joe Baca, CA
Rep. Stephen F. Lynch, MA
Rep. Brad Miller, NC
Rep. David Scott, GA
Rep. Al Green, TX
Rep. Emanuel Cleaver, MO
Rep. Melissa L. Bean, IL
Rep. Gwen Moore, WI
Rep. Paul W. Hodes, NH
Rep. Keith Ellison, MN
Rep. Ron Klein, FL
Rep. Charles Wilson, OH
Rep. Ed Perlmutter, CO
Rep. Joe Donnelly, IN
Rep. Bill Foster, IL
Rep. Andre Carson, IN
Rep. Jackie Speier, CA
Rep. Travis Childers, MS
Rep. Walt Minnick, ID
Rep. John Adler, NJ
Rep. Mary Jo Kilroy, OH
Rep. Steve Driehaus, OH
Rep. Suzanne Kosmas, FL
Rep. Alan Grayson, FL
Rep. Jim Himes, CT
Rep. Gary Peters, MI
Rep. Dan Maffei, NY

Republican Members
Rep. Spencer Bachus, AL
Rep. Michael N. Castle, DE
Rep. Peter King, NY
Rep. Edward R. Royce, CA
Rep. Frank D. Lucas, OK
Rep. Ron Paul, TX
Rep. Donald A. Manzullo, IL
Rep. Walter B. Jones , NC
Rep. Judy Biggert, IL
Rep. Gary G. Miller, CA
Rep. Shelley Moore Capito, WV
Rep. Jeb Hensarling, TX
Rep. Scott Garrett, NJ
Rep. J. Gresham Barrett, SC
Rep. Jim Gerlach, PA
Rep. Randy Neugebauer, TX
Rep. Tom Price, GA
Rep. Patrick T. McHenry, NC
Rep. John Campbell, CA
Rep. Adam Putnam, FL
Rep. Michele Bachmann, MN
Rep. Kenny Marchant, TX
Rep. Thaddeus McCotter, MI
Rep. Kevin McCarthy, CA
Rep. Bill Posey, FL
Rep. Lynn Jenkins, KS
Rep. Christopher Lee, NY
Rep. Erik Paulsen, MN
Rep. Leonard Lance, NJ