Tracking Bailout Funds
By Barry Ritholtz - January 10th, 2009, 9:14AM
This isn’t rocket science. This isn’t some strange thing we’re asking for. If you’re gonna take that much money from American taxpayers, you’ve gotta have the banks tell what they’re going to do with it. We have to have some way of telling if its working. and if you don’t have accountability, if you don’t have metrics in place, you’re really just kind of handing it out there and hoping for the best.
January 10th, 2009 at 5:30 pm
I’m a big fan of Elizabeth Warren from when I first saw her in the Maxxed Out documentary. I’m glad she’s there to ask the questions, but what if the money going into banks via TARP is being used to keep them solvent? Can we handle the truth?
January 10th, 2009 at 10:47 pm
Bingo John. You nailed it.