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Bank Bailout: U.S. Treasury Department Mishandles Taxpayer Money
This is the sixth article in a series by Money Morning which examines banking’s use of the bailout money. Please leave us your thoughts and opinions — we’d be pleased to hear from you.
The U.S. Treasury Department has done nothing to make sure $700 billion in taxpayer-provided bailout money is used to buttress the weak U.S. mortgage market, which was the catalyst for the growing global financial crisis, congressional watchdog Elizabeth Warren said Friday.
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Warren, who heads a congressionally appointed…
12Jan2009 | Money Morning | 0 comments | Continued
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