The nation's largest banks won't say how their spending the money they got from the government. The Associated Press contacted 21 banks that got at least $1 billion, and not one of them would give a straight answer! Some vaguely hinted that they lent some of the money, but no actual numbers. Some of the banks even said they simply don't know where the money went!
The banker's responses highlight the secrecy surrounding the "Troubled Asset Relief Program" which earmarked $700 billion - about the size of the Netherlands economy - to help the struggling institutions. So once again, the nation's bankers get to thumb their noses at the taxpayers and get away with it! When will we ever learn?
Artwork from "The Hooded Utilitarian (2007)"
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