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November 13, 2008

Report: No Action Taken on Bailout Oversight
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The news comes as the Washington Post reports the Bush administration
has taken no action to fill congressionally-mandated independent
positions to oversee how the bailout is used. A deadline for the first
bailout monitoring report has already passed. The Treasury has already
committed $290 billion in taxpayer money so far. Eric Thorson, the
Treasury Department’s inspector general, said, “It’s a mess. I don’t
think anyone understands right now how we’re going to do proper
oversight of this thing.”



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