How Are the Bailout Funds Being Used?
Seems like no one is saying...check out this article from FoxNews.
Basically, it sounds like the banks put the money into their accounts and kept doing business as usual.
Furthermore, there appears to be some secrecy from the government end as well. The Federal Reserve recently denied a Bloomberg request to disclose recipients of emergency funding from the Fed. One site trying to keep track of all the government distributions is BailoutSleuth.
Basically, it sounds like the banks put the money into their accounts and kept doing business as usual.
Furthermore, there appears to be some secrecy from the government end as well. The Federal Reserve recently denied a Bloomberg request to disclose recipients of emergency funding from the Fed. One site trying to keep track of all the government distributions is BailoutSleuth.
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