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Treasury Admits It Still Doesn't Know What Banks Are Doing

tpmmuckraker.talkingpointsmemo… — Treasury "responds" to questions like "What is Treasury's Strategy?", "Is the Strategy Working?" and "What Have Financial Institutions Done with the Taxpayers' Money?" of the oversight panel, chaired by Harvard Law professor Elizabeth Warren. ("...an impressive example of using up white space while saying absolutely nothing.")

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  • nwoantibody, on 01/01/2009, -0/+1Well, if you think bailing out the same people who economically backstabbed you by moving the entire American industry to India/China because slave labor there was cheaper and without regulations, with 700 billion dollars expecting them to somehow do something other than move that money away as well... then you got another thing coming... something like
    a depression...
    Happy 2009; it's going to make 2008 look like a walk in the park.
  • rcook18, on 01/01/2009, -0/+1The idea was to give more money to rich people. What is there to supervise?

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