“‘One of the fundamental problems with the Wall Street bailout was the people who had caused the problem were never called in front of Congress to explain what they had done, what needed to be done,’ said Rep. Thaddeus McCotter, a Michigan Republican. Congress did not put conditions on the bailout money, leaving lawmakers to press the Treasury Department for transparency after the money was handed out.” (CNN, Tuesday)
So … the buck would stop in Congress … if they hadn’t given it away already.
FEE Timely Classic:
“Congressional Lost Opportunities,” Doug Bandow