According to a recent, AP article : http://www.boston.com/news/nation/washington/articles/2008/12/22/whered_the_bailout_money_go_shhhh_its_a_secret/), the congressional committee to oversee the bailout has a lot of questions about how and where the billions of our money has been spent, yet they haven't been able to gain any answers.
Apparently, unbeknownst to me, the bailout plan did not include mandatory disclosure of how the governments funds are being allocated.
For those non-New Englanders, we here in the Northeast got slammed with a snowstorm thoughout the entire weekend. I was furious at the thought of where my city taxes were going as the streets were a mess! Now, realizing that near trillion dollars, that we as taxpayers, will be responsible for, is it so much to ask for these giant banks to be held accountable for our money?
Don't take this one lying down. We have every right to know where that money is going and the fact that these banks are not forthcoming with that information makes me both suspicious and furious. You should feel the same. Talk about gratitude, they begged on their hands and knees for this money and now they brush off the government.
The days of Laissez-faire are over. The government needs to do a better job of reminding these corporations of that. We also need to remind our government of that as well.
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Whose money is it anyway?
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Re: Whose money is it anyway?
by
Nick
on Mon 22 Dec 2008 11:41 AM PST | Profile | Permanent Link
Laissez-faire.
Yes I am that jerk. My 2008 New Year's Eve resolution was to not hate rich people just for being rich. I may not be renewing it this year. Let's start a new political party called "The Merit and Accountability" Party. We could use a fly or some other annoying pest to symbolize our dedication to annoying our government (and the companies they loan money too) into being acountable for their actions/decisions. Does anyone even use the comment feature? Re: Whose money is it anyway?
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on Sat 27 Mar 2010 07:05 AM PDT | Profile | Permanent Link
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