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07/26/09
President Obama’s transparency faulted
Filed under: General, Business
Posted by: Lillian Wong @ 3:47 pm

As the watchdog of the government’s massive bailout of the financial sector, Neil Barofsky had a simple question: What had the nation’s banks done with all their bailout money?

 

Can’t be answered, said the Treasury Department, because of the way banks move money internally. The department declined to put the question to the banks.  more…



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