TARP accountability? None, apparently.
According to this morning’s news, banks are refusing to reveal what’s being done with the money that was provided under the $350B (so far) TARP bailout money. “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. | Read More »