To the Point

Where's All the Bailout Money Going?

When Congress approved the $700 billion bank bailout, it demanded transparency. Now the Federal Reserve is lending $2 trillion more . Who's getting the money? "Americans have no idea where their money is going or what securities the banks are pledging in return."

By Warren Olney • May 12, 2014 • 1 min read

When Congress approved the $700 billion bank bailout, it demanded transparency. Now the Federal Reserve is lending $2 trillion more. Who's getting the money? "Americans have no idea where their money is going or what securities the banks are pledging in return." That's according to the Bloomberg News Service, where Matt Winkler is editor in chief.

Warren Olney
former KCRW broadcaster
Katie Cooper
Producer, 'One year Later'
Karen Radziner
Managing Producer, To the Point & Which Way LA?
Christian Bordal
Managing Producer, Greater LA
Matt Winkler
Editor in Chief, Bloomberg News Service

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To the Point

Where's All the Bailout Money Going?

When Congress approved the $700 billion bank bailout, it demanded transparency. Now the Federal Reserve is lending $2 trillion more . Who's getting the money? "Americans have no idea where their money is going or what securities the banks are pledging in return."

Share

To the Point

Where's All the Bailout Money Going?

When Congress approved the $700 billion bank bailout, it demanded transparency. Now the Federal Reserve is lending $2 trillion more . Who's getting the money? "Americans have no idea where their money is going or what securities the banks are pledging in return."

Share