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IPFS News Link • Economy - Economics USA

Where did that bank bailout go? Watchdogs aren't sure

• McClatchy News
Although hundreds of well-trained eyes are watching over the $700 billion that Congress last year decided to spend bailing out the nation's financial sector, it's still difficult to answer some of the most basic questions about where the money went.

Despite a new oversight panel, a new special inspector general, the existing Government Accountability Office and eight other inspectors general, those charged with minding the store say they don't have all the weapons they need. Ten months into the Troubled Asset Relief Program, some members of Congress say that some oversight of bailout dollars has been so lacking that it's essentially worthless.

 

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Comment by Anonymous
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Instead of Where's the Beef we now have "Where's The Loot"!



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