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Where’s the Cash?Wall Street banks mum on what they did with bailout money
Just a few months ago, President Bush and Congress got together and decided to bail out a troubled Wall Street to the tune of hundreds of billions of taxpayer dollars.
The big banks and financial institutions were happy. The money would save the economy, they declared. So what exactly happened to the money? Well, those institutions that received the big bucks can’t say. Actually, they won’t say. The Bank of New York Mellon got $3 billion. When asked by The Associated Press just what they did with the money, a spokesman named Kevine Heine said, “W...
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