TARP surprise: CQ-Roll Call, Washington Post, and ATF (???) receive taxpayer bailout funds 

According to special inspector general Neil Barofsky’s report on the Troubled Asset Relief Program, funds allocated to rescue the economy in the financial crisis were spent on a three one-year subscriptions to CQ Today Breaking News & Schedules, CQ Congressional & Financial Transcripts, and CQ Custom Email alerts.

The Office of Financial Stability also got a subscription to the Washington Post ($395), in addition to a contract for “newspaper delivery” with a company called NNA INC. for $8,220.

The expenses contrast with other costs associated with implementing TARP. For instance, an “interagency agreement” provided two separate payments, one of $243,740, another of $63,248, for detailees from the Bureau of Alcohol Tobacco and Firearms (though why the Office of Financial Stability required ATF services is unclear, but one can assume a certain expertise in financial flows).

About The Author

J.P. Freire

Bio:
J.P. Freire is the associate editor of commentary. Previously he was the managing editor of the American Spectator. Freire was named journalist of the year for 2009 by the Conservative Political Action Conference (CPAC). You can follow him on Twitter here. Besides the Spectator, Freire's work has appeared in... more
Pin It
Favorite

Speaking of...

More by J.P. Freire

Latest in Nation

Saturday, Apr 21, 2018

Videos

Most Popular Stories

© 2018 The San Francisco Examiner

Website powered by Foundation