US Bailout Money Wound Up In Foreign Banks

Because of there being no data on where the money was going and a general attitude of pumping as much money into the banks as quickly as possible, billions of US bailout money wound up in the coffers of foreign financial firms, a watchdog panel chaired by Elizabeth Warren - Warren for CFPA head! - found. 43 of the 87 banks that benefited as a result of the of the AIG bailout were foreign.

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