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"Exit strategy needed"
Jul 27 2009
The Washington Times published an op-ed written by Senator Warner this weekend about his bipartisan legislation that strengthens oversight of the taxpayer investments in private companies such as General Motors, AIG and Citibank.
The legislation, introduced last month with Tennessee's Republican Senator Bob Corker, is aimed at setting an exit strategy for the investments made by the government through the TARP program.
Taxpayers deserve to have their investments managed in a way that rewards the risk they have undertaken in helping to save these huge institutions.
Removing control of these investments from the day-to-day politics of Washington not only makes common sense.