[Peace-discuss] Criminal charges in the Bailout Fraud...?

[E.Wayne Johnson]

"The definition of insanity is repeating the same actions over and over again and expecting a different result," Barofsky says. "If the goal of TARP was to make sure we don't have another financial collapse, well, obviously it's made the likelihood of that much, much greater." 

...insurance giants Hartford Financial Services Group Inc. and Lincoln National Corp. bought tiny thrifts -- one with just $7 million in assets -- to qualify for the TARP Capital Protection Program, which is designed to encourage bank lending. Hartford and Lincoln used the more than $4.3 billion in TARP funds they received almost entirely to finance insurance operations...

...an unnamed money manager in TARP's Public-Private Investment Program, which buys toxic assets, saying the person sold a recently downgraded mortgage-backed bond from a company fund, then promptly purchased the same security in the same amount at a higher price for a fund backed by TARP money...

http://www.bloomberg.com/apps/news?pid=20601109&sid=aVHMZwNcj2B0&pos=10

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