GAO Finds Half of TARP Banks Paid Back Government Money With Government Money

Surprise surprise [PDF]:

As of January 31, 2012, 341 institutions had exited CPP, almost half by repaying CPP with funds from other federal programs.

Read more at Fox Business but really that's all you need to read.

Jr Deputy Accountant

Some say he’s half man half fish, others say he’s more of a seventy/thirty split. Either way he’s a fishy bastard.