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Congress Ignored Critical Bailout Oversight
On December 19th, Henry Paulson urged Congress to release the second half of the $700 billion of the bailout money. But no one seems know what banks have done with the first $350 billion. Despite the fact that Congress wrote more than one hundred pages about oversight in the bailout bill, they left a gaping hole.
Keywords: Economy, Government, Politics, 700 billion, bailout, bank of america, banks, Barney Frank, citibank, Congress, DC, Economic crisis, Foreclosure, Henry Paulson, Neel Kashkari, oversight, tarp, treasury, United States, vladeck, wachovia, wells fargo
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