TPM:
Earlier this month, as we noted at the time, the congressional oversight panel for the financial bailout released a report on how the Treasury is spending the $700 billion in taxpayer money Congress gave them.
In its report, the panel, chaired by Harvard Law professor Elizabeth Warren, asked several basic questions about the Treasury's activities, for which it had not yet been given enough information to provide conclusions. These included "What is Treasury's Strategy?" "Is the Strategy Working?" And "What Have Financial Institutions Done with the Taxpayers' Money?"
Now -- not coincidentally, at a time when most people are distracted by thoughts of cheap champagne and off-key singing -- the Treasury has responded.
The 13-page riposte is, by and large, an impressive example of using up white space while saying absolutely nothing. But a few excerpts stand out as noteworthy.
1 comment:
SPB I watched the Wizard of OZ and yes Hank is the man behind the curtain. Americans can't blame anyone but themselves and Hank has shown over and over again he's has no idea what he's doing. He hired an adviser and still nothing. Maybe Hank will hire a Czar next to help out.
I this is for my friend Mr. Kitty. I saw Shrek and again I love the cat. Mr. Kitty Bowtie look just like Puss n Boots with those pretty eyes and that beautiful face. Oh everyone loves Mr. Kitty ok I'm find now.
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