Where Have the Bailout Billions Gone?

//www.commondreams.org/headline/2008/12/18-0

--------

Corruption Destroys Afghanistan

Michael Winship, Truthout: "Just when you've finally gotten your mind around the enormous $700 billion financial bailout - even if none of us are really sure where all that money's going - there comes an even greater, breathtaking price tag."

//www.truthout.org/122008A



Where'd the Bailout Money Go? Shhhh, It's a Secret

Matt Apuzzo, The Associated Press: "It's something any bank would demand to know before handing out a loan: Where's the money going? But after receiving billions in aid from U.S. taxpayers, the nation's largest banks say they can't track exactly how they're spending the money or they simply refuse to discuss it. 'We've lent some of it. We've not lent some of it. We've not given any accounting of, "Here's how we're doing it,"' said Thomas Kelly, a spokesman for JPMorgan Chase, which received $25 billion in emergency bailout money. 'We have not disclosed that to the public. We're declining to.'"

//www.truthout.org/122208C



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