“Good Billions After Bad”–One Year After Wall Street Bailout, Pulitzer Winners Barlett and Steele Investigate Where All the Money Went

DemocracyNow!
September 10, 2009

It’s been exactly one year since the onset of the financial crisis and the passage of the Bush administration’s $700 billion bailout of Wall Street. But what were the factors in deciding who received bailout funds? And what happened to all the money? The answer to those two simple questions is: We don’t know. In a new article in Vanity Fair, the Pulitzer Prize-winning investigative team Donald Barlett and James Steele try to find an answer. The problem is, they write, “once the money left the building, the government lost all track of it.”...

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