Where'd the Bailout Money Go? Shhhh, It's a Secret
It's something any bank would demand to know before handing out a loan: Where's the money going? But after receiving billions in aid from U.S. taxpayers, the nation's largest banks say they can't track exactly how they're spending the money or they simply refuse to discuss it. Full Story »
Posted by Michael Bugeja
All of these questions should have been asked by Congress and the Senate before they approved the bailout. I don't understand why they held several public hearings and went through the auto bailout with a fine tooth comb but just blindly gave the banks $700 Billion. Wait, actually I do know why - The finance and banking industry is by far the #1 contributor (bribes) to politicians.