Mixed Reviews

" Guy you ready for few ruffled feathers over how the old TARP program is going four trillion dollars. Your tax dollars now committed to fixing this economy that is the combination of TARP funds Federal Reserve. And -- yet -- commitments to give money or to make money available and now the government committee they put five people in charge of watching over all of this from a separate entity. And then to the five people who are doing it. Their report has some disturbing. News it is still not entirely clear according to this group what Treasury's strategy. It's. Hey I'm not sure what the strategy of -- I've members on this panel. They were mixed doubt about whether or not it's working and what could possibly be done now all. On top of that if it's not working so let's bring in our panel today Tucker Carlson is senior fellow at the Cato Institute. My -- is an associate editor at parents and listen McDonald is the facts at airports for the fox business network. Welcome everybody at -- that you took a look at this latter part if it's about you know. We gate that their findings. You know it's it's kind of disturbing that treasury and this oversight board seemed to have X a little very little --"

" Indication between the --"

" They they do it's it's a pretty thoughtful from what I have read so far report."

" Interesting I think most existing single page in a 150 odd pages in the areas that dissent from former."

" New Hampshire senator Johnson who makes two really at fifteen point one. This report does not explain. Why and how much money banks have -- banks that receive federal aid in order help them lend more money to ordinary citizens how much they went and why they haven't won more to it doesn't explain why they have been over 200 financial interest institutions."

" That qualify for federal money but refused to take. What about this program is scaring off banks from taking free money -- this report doesn't answer."

" And I think that's said perhaps becoming one -- clear as we're seeing how some of these banks are handled who want to give the money back and they're being told that they're not allowed to give the money back. Elizabeth MacDonald I went on the financial stability. Part of the treasury department's website that's -- supposed to be able to learn. How many banks are taking money and what they're doing with that if it's a little tricky to navigate and that you say that you got into this well. This is their ability in terms of attacker was saying -- how much their lending we know how much the dead okay but how much they lend it."

" No it's it doesn't seem to be there is any accountability and -- what we're trying that is that this fight it with the oversight panel Elizabeth Warren who was a Harvard law professor -- terror panel saying look. Put them through restructuring and get rid of the top management and you have senator John Sununu represented parents are links say no wait a second that'll be an indication to the markets that there insolvent. And this comes in the context of that stress test of the nineteen banks are smaller some of the smaller banks may be deemed insolvent. The treasury is not going to release the details of a stress test why. These saw the markets really not likening I did bank nationalization hit intraday low in March 6 the Dow went down and that it -- closed at a closing -- march -- the markets don't want to see banks nationalized so that's a tricky position."

" And prevent the panel has been right now people just want some common sense but anticipation and I think they want to say look if the governor is going to spend a lot of our tax side to help these banks. -- figuring out which ones are the strongest which ones could benefit the most and help let some of the week. Fall off the table and in -- support is stronger banks why is that such a hard thing for the government -- it's."

" Not I think they're actually getting that direction I think there's ongoing stress test will not be credible to the markets -- the people if in fact the conclusion is everybody passes nobody needs more capital so -- Does anyone institutions I do think that's a problem for treasury right now. But I think we should look to for example the GM bankruptcy which completely scooped everyone when it was mentioned several months ago and that gradually the market kind of get used to the notion and then Monday that we had a very rapid selloff when the president said this is on the table and now nobody really seems to think it's going to bring --"

" An -- enforce the -- some people thought that you know that was exactly -- happen if you've packaged bankruptcy and you lot of -- into a lot of discussion but you look back now I don't see if we had started there are aware like you about it does start we would -- a lot of money and time. Tucker it about how this you know that some of this you know I think for people coming out. What's -- You know what what's really happening with money and why can't you know Washington it has put this to work in an efficient way and it if they are -- can't explain it to us. Well Elizabeth Warren --"

" She YouTube video that accompanies interestingly. Let's begin immediate accompanies this report makes that point that every previous government intervention in the market that has succeeded. Has had one thing in common it has been clear -- goals have been clear in the public is understood those goals."

" The public has any idea what four trillion means four trillion dollars is more much more. In the combined GDP of every single country in Africa including Egypt. All their money is not four trillion dollars and that's what we spent so far by the way this report points out."

" These bailout efforts may be underestimating the softness of the economy we may need more so."

" You can't tell me that. That 300 million Americans understand that are on board that they know exactly how deep into this we are and what their financial commitment already is -- the public gets it."

" At all and the boys seem to you know gives some lip service to the fact that they are not sure that they feel that treasury. Get the death of this problem either rise so we will see Tucker Carlson always good to have Elizabeth McDonald and accidentally thank you very much you guys. Will be left this."