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New abuses in tarp program
http://online.wsj.co...284337504295.html
Troubled OneUnited Bank in Boston didn't look much like a candidate for aid from the Treasury Department's bank bailout fund last fall.

The Treasury had said it would give money only to healthy banks, to jump-start lending. But OneUnited had seen most of its capital evaporate. Moreover, it was under attack from its regulators for allegations of poor lending practices and executive-pay abuses, including owning a Porsche for its executives' use.

Nonetheless, in December OneUnited got a $12 million injection from the Treasury's Troubled Asset Relief Program, or TARP. One apparent factor: the intercession of Rep. Barney Frank, the powerful head of the House Financial Services Committee.
keating 5 anyone?
New There are no abuses
When there are no rules, there can be no cheating.

When you hand out money without making demands, you can't complain about the demands you were thinking about not being complied with, particularly if you were in the process of changing your mind while you were doing it.

When there is not even an attempt at accountability, there is no such thing as abuse.

New Programmer's standard excuse
They changes the specs when I was 1/2 done, all bets are off.
     abuses in tarp program - (boxley) - (2)
         There are no abuses - (mhuber) - (1)
             Programmer's standard excuse - (crazy)

Then again you wonder how certain people sign their names to anything and still choose to leave the house.
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