Thursday, December 11, 2008

Bailout Accountability; Does Anyone Care – Elizabeth Warren Does

Yesterday and now today I heard little bits of Elizabeth Warren, Chair of Congressional Oversight Panel (C.O.P). I wish her the best and hope this is one Government Panel that actually does something and has "teeth". Her are some Links. I heard about 5-minutes of each.

From Marketplace by American Public Media Audio

Panel has lots of questions for Treasury

The Congressional Oversight Panel for Economic Stabilization is set to question the Treasury Department's strategy for the $700 billion bailout. Elizabeth Warren, the panel's chair, discusses her views with Kai Ryssdal.

From Lou Dobbs
The Big Bailout & Executive Bonuses



Billions of dollars have been handed to AIG to help keep it afloat. Turns out, AIG is offering so-called retention awards to employees which are essentially bonuses. Money that should be going to families in danger of losing their homes is being used to fund overblown compensation packages for Wall Street executives.

From Fresh Air on NPR - Audio

What Does $700 Billion Buy Taxpayers?

Bankruptcy and commercial law expert Elizabeth Warren explains how taxpayer money is being spent in the financial bailout program. A professor at Harvard Law School, Warren chairs the oversight panel appointed by Congress to monitor the spending of the $700 billion bailout money. The committee issues its first report on Dec. 10

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