BUSINESS
01/11/2010 02:42 pm ET Updated Dec 06, 2017

Where Is The Bank Bailout Money Going? (VIDEO)

Where exactly is all of the bailout money going? Today, McClatchy addresses growing concerns over the lack of true oversight in government's enormous bailout of the banking industry. Here's how McClatchy put it:

"Although hundreds of well-trained eyes are watching over the $700 billion that Congress last year decided to spend bailing out the nation's financial sector, it's still difficult to answer some of the most basic questions about where the money went."

McClatchy also relays some damaging assessments from members of Congress: "Ten months into the Troubled Asset Relief Program, some members of Congress say that some oversight of bailout dollars has been so lacking that it's essentially worthless."

Read the entire story at McClatchy.

To coincide with McClatchy's piece, the Huffington Post Investigative Fund also tagged along with Elizabeth Warren, the chair of the Congressional Oversight Panel charged with monitoring the bailout. Warren's nothing if not busy -- the video features a behind-the-scenes look at her hectic Washington schedule and her wrangling with members of Congress.

WATCH "Elizabeth Warren Goes To Washington":




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