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."
People are always blaming their circumstances for what they are. I
don't believe in circumstances. The people who get on in this world
are the people who get up and look for the circumstances they want,
and, if they can't find them, make them.
-- George Bernard Shaw (1856-1950) Irish Playwright