The Treasury Department and the Federal Reserve lied to the American public last fall when they said that the first nine banks to receive government bailout funds were healthy, a government watchdog states in a new report released today. Full Story »
Posted by Michael Bugeja
I think this article is extremely relevant for us today because of the financial crisis. I had no idea that some government officials knew those banks were in financial trouble, and It's outrageous that someone knew and didn't do anything about it before the banks needed huge amounts of money. What I didn't understand is why this article said "the watchdog"- who or what is the source? Why can't the public have a name?
