Banks Not Telling Where Bailout Went

[firedupdem]

WASHINGTON (AP) - 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."

The Associated Press contacted 21 banks that received at least $1 billion in government money and asked four questions: How much has been spent? What was it spent on? How much is being held in savings, and what's the plan for the rest?

None of the banks provided specific answers.

http://www.wxyz.com/news/story/Banks-Not-Telling-Where-Bailout-Went/0L9z63wO1E6HMvMWaY-2QA.cspx

[Dennis Donovan]

1. The Great Treasury Heist of 2008...

:grr:

[truedelphi]

4. You can say that again. N/t

[Taverner]

2. It went here

And here


http://j3travel.biz/images/atlantis_resort-bahamas,_unruhs_disney_cruise_06.jpg

And here



It's their ethos "I'm gonna have my KICKS before the whole shithouse goes up in flames!"

[hobbit709]

3. Can't or won't?

If the answer is can't-then they are too incompetent to handle money and that is why they're in a mess.
And if it's won't-then they are thieves and shouldn't be trusted with anyone's money. Either way this proves why they shouldn't have gotten any money in the first place.

[Truth2Tell]

5. No problem...

just invoke the transparency requirements that the Democratic leadership insisted be a part of the bill before agreeing to support it.

Oh, wait...

[Truth2Tell]

6. kick. nt

[HillbillyBob]

7. BULLSHIT!!!! LOCK EM UP!!

Until they come off the info put them in a lock down and seize their assets err up ours as in the tax payers now own those assets.
I live on 800 a months they spend that on lunch!