Report: Fannie, Freddie paid to help run TARP

The Hill reports:

The Treasury Department has paid $437 million to Fannie Mae, Freddie Mac and private contractors to help run the Wall Street bailout program, a congressional oversight panel said in a report Thursday.


The Congressional Oversight Panel said some of the 96 private contracts for the $700 billion bailout, known officially as the Troubled Asset Relief Program (TARP), raise "significant concerns" and potential conflicts of interest that limit the public's understanding of the program.

"The vast majority of people working on the TARP today receive their paychecks from private companies, not the federal government," the report said.

Great moments in fascist economics.