The original content of Democracy Now! Headlines appears under the Creative
Commons BY-NC-ND 3.0 License (United States). For more, including their other
shows and media, visit www.democracynow.org.
December 4, 2008

Audit: Bailout Lacks Oversight; All Requests Approved
-----------------------------------------------------



Meanwhile, the first congressional audit of the $700 billion taxpayer
bailout of Wall Street says the Bush administration has failed to
implement any proper oversight over how the money is being used.
Investigators at the Government Accountability Office say the Treasury
has yet to introduce needed safeguards and ways to determine if the
program is achieving its stated goals. At least $150 billion has already
been doled out to dozens of firms. Not a single application for
government funding has been denied.



.