Alex’s Notes: I dont know about you, but this is infuriating. If you arent extremely ticked off with our government and banks right now I dont know what to say. This is not the nation I risked my life for in combat operations. I dont even recognize this nation any longer.

This article simply points out the incredible hubris of those who are running our nations banks. It is beyond disgusting.

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

Elizabeth Warren, who chairs an oversight committee set up by Congress to AP –

WASHINGTON – 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.”

Full article: http://news.yahoo.com/s/ap/20081222/ap_on_go_ca_st_pe/meltdown_secrets

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