TARP investor denies calling program a ``sham''
We're still trying to get to the bottom of this one... this morning we linked to an article in UK paper The Telegraph, written by the aggressive reporter Ambrose-Evans Pritchard, which claimed that TARP investor Mark Patterson called the program a ``sham'' and a ripoff to taxpayers, even though his own firm had taken advantage of the program.
The Congressional oversight panel, led by Harvard Law School professor Elizabeth Warren, said the TARP program had failed to relieve banks of the toxic assets that were plaguing bank ledger sheets.