Where'd the bailout money go? Shhhh, it's a secret
It's something any bank would demand to know before handing out a loan: Where's the money going?
But after receiving billions in aid from U.S. taxpayers, the nation's largest banks say they can't track exactly how they're spending the money or they simply refuse to discuss it.
"We've lent some of it. We've not lent some of it. We've not given any accounting of, 'Here's how we're doing it,'" said Thomas Kelly, a spokesman for JPMorgan Chase, which received $25 billion in emergency bailout money. "We have not disclosed that to the public. We're declining to."
"Class is an aura of confidence that is being sure without being
cocky. Class has nothing to do with money. Class never runs scared.
It is self-discipline and self-knowledge. It's the sure footedness
that comes with having proved you can meet life."