Wednesday, November 12, 2008

Bailout Lacks Oversight Despite Billions Pledged

In the six weeks since lawmakers approved the Treasury's massive bailout of financial firms, the government has poured money into the country's largest banks, recruited smaller banks into the program and repeatedly widened its scope to cover yet other types of businesses, from insurers to consumer lenders.
Stocks Plunge On Bailout Shift, Retail Weakness
Treasury Redefines Rescue Program Stocks Slip

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