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Citigroup is putting our taxpayer dollars to work. Who is monitoring this activity? Is this the purpose of TARP?
Dec 01 13:13 pm
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All Comments by John Lounsbury »Wall Street Breakfast: Must-Know News [View article]
This may turn out to be a prescient investment, but how does it help stabilize the economy? It just doesn't look like anybody has a plan, no one is monitoring what is happening to the TARP money, and there is no measure of what else will be needed ($ amount and how to be used).
Is this symptomatic of "having only one president at a time" and will the vacuum be filled in an effective way after January 20? We can only hope so (we did elect hope), but how much will this period of limbo damage us even if better management arrives later?
And the biggest question: Exactly what is an effective management plan for this crisis?