Where Is All the Bailout Money Going? Banks Aren’t Telling …
December 23, 2008 by Ohio Clipper · Leave a Comment
Filed under: Bailout Bill, Recession, U.S. Congress, U.S. Economy, U.S. Financial Crisis
Filed under: Bailout Bill, Recession, U.S. Congress, U.S. Economy, U.S. Financial Crisis
The other day the Associated Press asked 21 banks who took in billions in U.S. taxpayer provided federal bailout money four questions:
- How much of the money take has been spent?
- What was it spent on?
- How much is being held in savings?
- What’s the plan for the rest.
Silence. Here’s hoping that the New Year brings a Congress and Adminstration willing to force some transparency out of these corporate welfare cases and hold them accountable for real results and sound business practices. In the meantime, we’ve got Cramer:
