IF AMERICANS ARE angry at Washington, it may be because of episodes like the federal coddling of OneUnited Bank. A minority-owned institution with close ties to Rep. Maxine Waters (D-Calif.) of the House Financial Services Committee, OneUnited got $12 million from the Troubled Assets Relief Program in December 2008, thanks in part to a provision inserted in the TARP bill by the committee's chairman, Rep. Barney Frank (D-Mass.). OneUnited has since failed to pay the government the $900,000 it owes -- not surprising, given its history of mismanagement, which TARP officials elided to approve the money in the first place. (10/5/10)
A) Wall Street Journal editorial page
B) Heritage Foundation
C) Ann Coulter
D) RedStateVT
E) Washington Post editorial page
* If you guessed E) Washington Post you are today’s winner. By the way, count us as stunned.
No comments:
Post a Comment