Yes, the taxpayers lost $80 billion. I voted for the original TARP money because we were told that money was going to address the toxic assets, which is the problem we need to solve first. I spoke on the floor two nights ago using the corollary of treating symptoms versus treating disease. This bill treats symptoms; it doesn't treat disease.
Discussing the TARP funding and its effectiveness in addressing financial issues.
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America does not trust you anymore--that is the truth--because they do not see the actions coming out of Congress that should be coming out.
the question is--and my advice to the Committee is to look at the roles that the Federal Government has taken over that would be better and more efficiently done at the State level.
The important thing is to restore the confidence in the country, in terms of what you are doing, why you are doing it, and how you are doing it.
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