The bailout betrayal
Don't blame just the banks for refusing to tell anyone how they're using bailout dollars. Blame Congress for authorizing $700 billion of taxpayer money with virtually no strings attached. And Treasury officials for never asking questions.
These days, you couldn't borrow a cent from a bank without completing mountains of paperwork explaining how you would use the cash. And if you didn't spend the money as you promised, the bank probably would ...
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