Oversight panel wants better answers from TreasuryLouisville Courier-Journal
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“Less than a month after its first report, a congressional paneloverseeing the Treasury Department’s $700 billion financial bailout isdemanding more answers. The panel’s first report, released Dec. 10,included questions about how banks are spending taxpayer money, howthe money will combat the rising tide of home foreclosures andTreasury’s overall strategy for the rescue.” (01/09/09)
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[JR: What a novel idea. I’d like a PUBLIC accounting. And, prosecutions for all the fraudulent mortgages. I saw one estimate that said organized crime was responsible for half of the NIJA (No income, no job, no accounting and no hope of repayment!) loans. There should be public floggings for those responsible. Especially Paulson, Berenacke, Franks, and Dodd! And any politician that was on the dole from these bailoutees. Argh!]
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