The Treasury department has spent 350 billion dollars of the bailout money. How exactly did we spend that? The answers are just coming to the surface. The Wall Street Journal is reporting that some members of Congress took care of banks in their home state. Congressman Barney Frank seems to be one of the worst offenders. The Massachusetts Congressman is the Chairman of the Financial Services Committee. He's not the only one, Ohio benefited quite a bit from the bailout cash. The last chapter is still not written on how this money was spent. So, politicians are motivated by politics. Are we surprised? Are we going to see a real change with Barack Obama's Administration?
Thursday, January 22, 2009
HOW WE SPENT 350 BILLION DOLLARS
The Treasury department has spent 350 billion dollars of the bailout money. How exactly did we spend that? The answers are just coming to the surface. The Wall Street Journal is reporting that some members of Congress took care of banks in their home state. Congressman Barney Frank seems to be one of the worst offenders. The Massachusetts Congressman is the Chairman of the Financial Services Committee. He's not the only one, Ohio benefited quite a bit from the bailout cash. The last chapter is still not written on how this money was spent. So, politicians are motivated by politics. Are we surprised? Are we going to see a real change with Barack Obama's Administration?
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