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).

Beltway ConfidentialTARPUSWashington Post

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