The TARP was crooked from the very start, using taxpayer funds to bail out some of the world's richest people from their own foolish investments. The claims that it made taxpayers money are unfounded. Even worse, TARP taught investment bankers an important lesson: During a boom, make as much money as you can, no matter how short-term the profits will be. When the bubble pops, the Treasury and Fed will be there with a taxpayer-funded pillow.
Lutnick privately warned top executives of possible action against imported
Chinese robots
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The Commerce secretary told executives in a closed-door meeting that the
department is reviewing state-subsidized robotics imports as the U.S. races
China.
3 hours ago
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