Wall Street Beggars Being Choosey (Jim Hightower / Texas Observer)

[struggle4progress]

Jim Hightower | January 23, 2009 | Commentary

Goodness gracious, Congress is really getting tough on Wall Street bankers, isn’t it?

In a remarkable act of bipartisanship, Democratic Sen. Dianne Feinstein and Republican Sen. Olympia Snowe are proposing to impose new conditions on the banks that are getting bailout funds from taxpayers.

The senators are demanding that the recipients report occasionally to the public, giving us some general idea of what they’re doing with our cash.

It’s a necessary step, because the financial giants are refusing to tell us how they’re spending the billions of dollars Washington has thrown at them. In December, the Associated Press asked various recipients where our money went, and got these responses ...

http://www.texasobserver.org/article.php?aid=2945