There was an interesting article in The New York Times on Monday, January 12, 2009 "Release of More Bailout Money Gains Favor", by David M. Herszenhorn and Edmund L. Andrews, which stated that under the threat of a subpoena, The Treasury Department will be under investigation scrutiny with several major financial institutions with copies of several signed contracts they signed with Wall Street with the $700 billion bailout. While the first $350 billion bailout money has already been spent, President elect Obama plans to foresee that the second half of the $700 billion will be to "increase lending and preventing new financial crisis and not enriching shareholders and executives...imposing tough conditions on companies who are getting aid..." And the bailout money really goes out to... Th...
Comments
5