To the Point
Where's All the Bailout Money Going?
When Congress approved the $700 billion bank bailout, it demanded transparency. Now the Federal Reserve is lending $2 trillion more . Who's getting the money? "Americans have no idea where their money is going or what securities the banks are pledging in return."
By Warren Olney • • 1 min readWhen Congress approved the $700 billion bank bailout, it demanded transparency. Now the Federal Reserve is lending $2 trillion more. Who's getting the money? "Americans have no idea where their money is going or what securities the banks are pledging in return." That's according to the Bloomberg News Service, where Matt Winkler is editor in chief.
The full episode
3 of 3
Can 'No-Drama Obama' Stay Cool?- 1:53China Authorizes 'Massive' Stimulus Package, AIG Gets Revised Bailout
- 7:47The Bush-Obama Transition Begins
- 41:47Where's All the Bailout Money Going?You’re reading this
The full episode
3 of 3Can 'No-Drama Obama' Stay Cool?- 1:53China Authorizes 'Massive' Stimulus Package, AIG Gets Revised Bailout
- 7:47The Bush-Obama Transition Begins
- 41:47Where's All the Bailout Money Going?You’re reading this