Sunday, December 28, 2008

Where'd the bailout money go? Shhhh, it's a secret

Where'd the bailout money go? $350 billion later, banks won't say how they're spending it

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.

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