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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (3759)	12/24/2008 4:44:49 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 103300

"None of the banks provided specific answers and most refused to explain why they are keeping the information secret." And, when congressional leaders asked the WH for information about what the banks were doing with the bail-out money... and when the Associated Press filed a Freedom of Information Act suit to force the administration to answer questions about exactly what these government funds had been spent on --- the Treasury Department (in charge of the TARP) DENIED both requests. "Congress will consider that legislation before it votes on whether to release the second $350 billion in bailout money...." "In a letter sent Tuesday to Paulson, Sen. Susan Collins, R-Maine, said she joined those Americans who were "astonished and outraged" that banks were not explaining how the money was being spent." "This lack of transparency and accountability is deeply troubling," Collins wrote. "The current lack of reporting requirements is unacceptable and cannot be allowed to continue." The bill is S. 3698.