03/19/2009 05:12 am ET Updated May 25, 2011

Freedom Watch Is Back: Right-Wing Group Sues For TARP Details

A conservative legal group is suing the Treasury Department and the Federal Reserve to reveal exactly how the first $350 billion of the financial services bailout was spent.

Larry Klayman and his organization, Freedom Watch, said they're concerned money from the Troubled Assets Relief Program (TARP) was given to investment firms on the basis of the banks' political influence.

Read more on The Hill