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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Apr 26, 2012
Page
4
SIGTARP says it is a misconception TARP will profit taxpayers. The report cites $68 billion losses and $118.5 billion owed, with 351 of 707 banks unrepaid and $15.7 billion taxpayers still at risk. It warns of long term consequences and moral hazard from too big to fail.
Newt Gingrich will suspend his campaign next week and back Mitt Romney in the fall race against Barack Obama. Gingrich spokesman R C Hammond said Romney asked him to join his team, and Gingrich plans to help mobilize Republicans to win in November and support House and Senate majorities. The two intend to meet soon as Gingrich acknowledges Romney's nomination and aims to be effective in winning and governing.
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