Just two months ago the Congress passed the Financial Stabilization Package which was designed to stabilize the growing financial crisis currently facing our country. This legislation, which I voted against, created the Troubled Asset Relief Program, known as TARP, and gave the U.S. Treasury Department broad authority to distribute $700 billion of the taxpayers’ hard earned money with hardly any oversight and no accountability for the irresponsible behavior of the financial institutions that led to this very situation.
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