Why Does Treasury Department Let Fannie & Freddie Run TARP?

Need more proof that this administration is out of touch with reality? More than half of those payments - $240 million – went to Fannie Mae and Freddie Mac. That's right, two of the most poorly-run companies, which still rely heavily on taxpayer support, have been running TARP.

The Congressional Oversight Panel said in its report that some of the 96 private contracts for the $700 billion TARP bailout raise "significant concerns" and potential conflicts of interest that limit the public's understanding of the program.

As the report said, Fannie and Freddie have "have a history of profound corporate mismanagement." Yet for some reason, the administration still thinks they're capable of spending your tax dollars.