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Politics : The Obama - Clinton Disaster
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To: GROUND ZERO™ who wrote (3936)12/29/2008 9:36:58 AM
From: DuckTapeSunroof  Read Replies (2) of 103300
 
Re: "And no accounting of where the money went? Who voted for that?"

No one voted for that - it wasn't in the authorizing legislation. (Believe the House passed auditing regulations but they were blocked in the Senate. The Panic and the Rush did the rest. Guess everyone thought that the Treasury Department --- since they were put in charge of the program, of spending the money --- would come up with appropriate regulations.)

Bet folks were very surprised when the Treasury did not! :-)

So... it was a *PANICKED* and *RUSHED* initial appropriation.... But, I wager that the second half of the authorization, the next $350 Billion, will NOT be appropriated until and unless the some specific language is included which forces the banking institutions to PUBLICLY report what they are using the taxpayer money for.
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