Where has $125 billion of the $700 billion been spent?
The Treasury Department has released its first bailout “transaction report,” which documents where $125 billion of the $700 billion in the bailout bill is being spent. I tried to copy and paste the report but it came out all funky, so you’ll just have to view it as a pdf file. The list is somewhat behind the public announcement by the banks that are participating in the program. The initial report documents the first $125 billion investment in nine banks that the Department made earlier this month.
Click here to read the report
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Tags: 2008 emergency economic stability act, bailout bill, banks, h.r. 1424, treasury department
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