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Lack Of Oversight On Bailout   

The oversight panel monitoring $187 billion loaned to banks is having a hard time getting answers from the Treasury Department. Sharyl Attkisson reports.


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Even with the backing of Congress, the Oversight Panel didn't have any better luck than we did getting answers from the Treasury Department about how banks are spending 187 billion dollars in taxpayer funds.

 

"I was very surprised at the number of questions that we put to Treasury for which we receive no response at all."

 

"What do you think that..."

 

"Deeply was. It's deeply surprised."

 

Warren's Congressional Oversight Panel asked the Treasury Department 45 questions, but says Treasury did not provide complete answers and failed to address a number of questions at all. Therefore, more than three months into the bailout, the Panel still does not know what the banks are doing with the taxpayer money. The Troubled Assets Relief Program called TARP for short was supposed to buy failed mortgage assets but it morphed into an entirely different approach: invest the funds in big banks. The Oversight Panel said their initial concerns have grown due to Treasury's shifting explanations. Today, a treasury spokesman said they're trying to track the funds, but that there will be no shift in strategy to make banks more accountable.

 

"It's a really tough challenge because, of course, you know, you know there are many factors at work."

 

¡°We will get this information. And, let's be clear, Treasury may not tell us everything, but we're making our own independent investigations. They're not the only ones who understand how the pieces of this work.¡±

 

The bailout was supposed to bolster faith in the economy, but the Oversight Panel says for Treasury to have given the funds without greater oversight erodes the very confidence they're trying to restore.

 

Sharyl Attkisson, CBS News, Capitol Hill.

 

 

 

[ ±¾Ìû×îºóÓÉ ghance ÓÚ 2009-1-29 20:52 ±à¼­ ]

practice100

HOMEWORK

 

Even with the backing of Congress, the Oversight Panel didn't have any better luck than we did getting answers from the Treasury Department about how banks are spending 187 billion dollars in taxpayer funds.

 

"I was very surprised at the number of questions that we put to Treasury for which we receive no response at all."

 

"What do you think that..."

 

"We were deeply surprised."

 

Warrants Congressional Oversight Panel asked the Treasury Department 45 questions, but says Treasury did not provide complete answers and failed to address a number of questions at all. Therefore, more than three months into the bailout, the Panel still does not know what the banks are doing with the taxpayer money. The Troubled Assets Relief Program called TARP for short, was supposed to buy failed mortgage assets but it * to an entirely different approach, invest the funds in big banks. The Oversight Panel said the initial concerns have grown due to Treasury's shifting explanations. Today, a Treasury spokesman said they're trying to track the funds, but there will be no shifting strategy to make banks more countable.

 

"It's a really tough challenge because, of course, you know, you know there are many factors at work."

 

¡°You will get us information. And, and once be clear, Treasury may not tell us everything, but we're making our own independent investigations. They're not the only one to understand how the pieces of this worked.¡±

 

The bailout was supposed to bolster faith from the economy, but the Oversight Panel says for Treasury to have given the funds without greater oversight, it rose the very confidence, they're trying to restore.

 

* *, CBS News, Capitol Hill.

windaway0215

Even with the backing of Congress, the Oversight Panel didn't have any better luck than we did getting answers from the Treasury Department about how banks are spending 187 billion dollars in taxpayer funds.

 

"I was very surprised at the number of questions that we put to Treasury for which we receive no response at all."

 

"What do you think that..."

 

"We were deeply surprised."

 

Warrants Congressional Oversight Panel asked the Treasury Department 45 questions, but says Treasury did not provide complete answers and failed to address a number of questions at all. Therefore, more than three months into the bailout, the Panel still does not know what the banks are doing with the taxpayer money. The Troubled Assets Relief Program called TARP for short, was supposed to buy failed mortgage assets but it more come to an entirely different approach, invest the funds in big banks. The Oversight Panel said the initial concerns have grown due to Treasury's shifting explanations. Today, a Treasury spokesman said they're trying to track the funds, but there will be no shifting strategy to make banks more countable.

 

"It's a really tough challenge because, of course, you know, you know there are many factors at work."

 

¡°You will get us information. And, and once be clear, Treasury may not tell us everything, but we're making our own independent investigations. They're not the only one to understand how the pieces of this worked.¡±

 

The bailout was supposed to bolster faith from the economy, but the Oversight Panel says for Treasury to have given the funds without greater oversight, it rose the very confidence, they're trying to restore.

 

* *, CBS News, Capitol Hill.

hlr

on windaway0215

 

Even with the backing of Congress, the Oversight Panel didn't have any better luck than we did getting answers from the Treasury Department about how banks are spending 187 billion dollars in taxpayer funds.

 

"I was very surprised at the number of questions that we put to Treasury for which we receive no response at all."

 

"What do you think that..."

 

"Deeply was. It's deeply surprised." (Warren ŮʿÊDz»ÊÇÌ«¼¤¶¯ÁË£¿£©

 

Warren's Congressional Oversight Panel asked the Treasury Department 45 questions, but says Treasury did not provide complete answers and failed to address a number of questions at all. Therefore, more than three months into the bailout, the Panel still does not know what the banks are doing with the taxpayer money. The Troubled Assets Relief Program called TARP for short, was supposed to buy failed mortgage assets but it moved into an entirely different approach: invest the funds in big banks. The Oversight Panel said their initial concerns have grown due to Treasury's shifting explanations. Today, a Treasury spokesman said they're trying to track the funds, but that there will be no shifting strategy to make banks more accountable.

 

"It's a really tough challenge because, of course, you know, you know there are many factors at work."

 

¡°We will get this information. And, let's be clear, Treasury may not tell us everything, but we're making our own independent investigations. They're not the only ones who understand how the pieces of this work.¡±

 

The bailout was supposed to bolster faith from the economy, but the Oversight Panel says for Treasury to have given the funds without greater oversight erose the very confidence they're trying to restore.

 

Sharyl Attkisson, CBS News, Capitol Hill.

[ ±¾Ìû×îºóÓÉ hlr ÓÚ 2009-1-23 10:37 ±à¼­ ]

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Even with the backing of Congress, the Oversight Panel didn't have any better luck than we did getting answers from the Treasury Department about how banks are spending 187 billion dollars in taxpayer funds.

 

"I was very surprised at the number of questions that we put to Treasury for which we receive no response at all."

 

"What do you think that..."

 

"Deeply was. It's deeply surprised."

 

Warren's Congressional Oversight Panel asked the Treasury Department 45 questions, but says Treasury did not provide complete answers and failed to address a number of questions at all. Therefore, more than three months into the bailout, the Panel still does not know what the banks are doing with the taxpayer money. The Troubled Assets Relief Program called TARP for short was supposed to buy failed mortgage assets but it moved into an entirely different approach: invest the funds in big banks. The Oversight Panel said their initial concerns have grown due to Treasury's shifting explanations. Today, a treasury spokesman said they're trying to track the funds, but that there will be no shifting strategy to make banks more accountable.

 

"It's a really tough challenge because, of course, you know, you know there are many factors at work."

 

¡°We will get this information. And, let's be clear, Treasury may not tell us everything, but we're making our own independent investigations. They're not the only ones who understand how the pieces of this work.¡±

 

The bailout was supposed to bolster faith in the economy, but the Oversight Panel says for Treasury to have given the funds without greater oversight erose the very confidence they're trying to restore.

 

Sharyl Attkisson, CBS News, Capitol Hill.

 

Sunshake

 

Even with the backing of Congress, the Oversight Panel didn't have any better luck than we did getting answers from the Treasury Department about how banks are spending 187 billion dollars in taxpayer funds.

 

"I was very surprised at the number of questions that we put to Treasury for which we receive no response at all."

 

"What do you think that..."

 

"Deeply was. It's deeply surprised."

 

Warren's Congressional Oversight Panel asked the Treasury Department 45 questions, but says Treasury did not provide complete answers and failed to address a number of questions at all. Therefore, more than three months into the bailout, the Panel still does not know what the banks are doing with the taxpayer money. The Troubled Assets Relief Program called ¡°TARP¡± for short, was supposed to buy failed mortgage assets but it moved into an entirely different approach: invest the funds in big banks. The Oversight Panel said their initial concerns have grown due to Treasury's shifting explanations. Today, a Treasury spokesman said they're trying to track the funds, but that there will be no shifting strategy to make banks more accountable.

 

"It's a really tough challenge because, of course, you know, you know there are many factors at work."

 

¡°We will get this information. And, let's be clear, Treasury may not tell us everything, but we're making our own independent investigations. They're not the only ones who understand how the pieces of this work.¡±

 

The bailout was supposed to bolster faith of the economy, but the Oversight Panel says for Treasury to have given the funds without greater oversight erodes the very confidence they're trying to restore.

 

Sharyl Attkisson, CBS News, Capitol Hill.

 

 

 

 

VOCABULARY

1.       Treasury Department                      n.ÃÀ¹ú²ÆÕþ²¿

2.       Elizabeth Warren is the Leo Gottlieb Professor of Law at Harvard Law School, where she teaches contract law, bankruptcy, and commercial law. Chair of the Congressional Oversight Panel (COP).                                          

3.       Congressional Oversight Panel           £¨GOP£©¹ú»á¼à¶½Ð¡×é       

4.       mortgage assets                      µÖѺ×ʲú

5.       shifting                     adj. Ï뾡°ì·¨µÄ ¹îÕ©µÄ; ½ÆÀµµÄ

6.       factor                      n. ´úÀíÈË ´úÀíÉÌ ¾­¼ÍÈË ÒòËØ, ÒªËØ, ÒòÊý,

 

sdtajxj

Even with the backing of congress, the oversight panel didn¡¯t have any better luck than we did getting the answers from the Treasury Department about how banks are spending 187 dollars in taxpayer funds.

I was very surprised at the number of questions that we put in treasury for which we receive no response at all.

Deeply surprised.

Warren¡¯s congressional oversight panel asked the Treasury Department 45 questions but says treasury did not provide complete answers and failed to address a number of questions at all. Therefore, more than three months of the bailout, the panel still does not know what the banks are doing with taxpayer money.

The Troubled Assets Relief Program called TARP for short was supposed to buy failed mortgage assets but * to entirely different approach¡ª¡ªinvest the funds in big banks. The oversight panel said their initial concerns have grown due to treasury shifting explanations.

Today, a treasury spokesman said they are trying to track the funds, but there will be no shifting strategy to make banks more accountable.

It is really a tough challenge, because of course you know there are many factors at work.

We will get this information and must be clear. Treasury may not tell us everything but we will make our independent investigations. They are not the only ones to understand how the cases of this work.

The bailout was supposed to boaster faiths of the economy. But the oversight panel says for treasury to give the funds without greater oversight erodes the confidence they are trying to restore.  

PPARG

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Even with the backing of Congress, the Oversight Panel didn't have any better luck than we did getting answers from the Treasury Department about how banks are spending 187 billion dollars in taxpayer funds.

 

"I was very surprised at the number of questions that we put to Treasury for which we receive no response at all."

 

"What do you think that..."

 

"Deeply was. It's deeply surprised."

 

Warren's Congressional Oversight Panel asked the Treasury Department 45 questions, but says Treasury did not provide complete answers and failed to address a number of questions at all. Therefore, more than three months into the bailout, the Panel still does not know what the banks are doing with the taxpayer money. The Troubled Assets Relief Program called ¡°TARP¡± for short, was supposed to buy failed mortgage assets but morphed into an entirely different approach: invest the funds in big banks. The Oversight Panel said their initial concerns have grown due to Treasury's shifting explanations. Today, a Treasury spokesman said they're trying to track the funds, but that there will be no shifting strategy to make banks more accountable.

 

"It's a really tough challenge because, of course, you know, you know there are many factors at work."

 

¡°We will get this information. And, let's be clear, Treasury may not tell us everything, but we're making our own independent investigations. They're not the only ones who understand how the pieces of this work.¡±

 

The bailout was supposed to bolster faith of the economy, but the Oversight Panel says for Treasury to have given the funds without greater oversight erodes the very confidence they're trying to restore.

 

Sharyl Attkisson, CBS News, Capitol Hill.

 

[ ±¾Ìû×îºóÓÉ Sunshake ÓÚ 2009-1-23 19:32 ±à¼­ ]

daniwang

Even with the backing of the Congress, the oversight panel didn¡¯t have any better luck than we did, getting answer from the treasury departments about how banks are spending 187 billion dollars in the tax-payer funds.

¡°I was very surprised at the number of questions we put to treasuries for which we have received no response at all. Deeply surprised.¡± Warren¡¯s Congressional Panel asked the treasury department 45 questions and says the treasury didn¡¯t provide complete answers and failed to address a number of questions at all.

Therefore in the 3 months mayor out, the panel still does not know what the banks are doing with taxpayer money.

The troubled assets relieve program called the   which supposed to fail mortgage assets but    different approach invest in funds of big banks. The oversight panel said the initial concerns have grown due to the treasury¡¯s shifting explanation. Today a treasury spokesman said they are trying to track the funds, but that there will be no shift and strategy to make the banks more countable.

¡°It is a really tough challenge, because you know, there are many factors that work.¡±

¡°We will get these information, and let us be clear, Treasury may not tell us everything, but we will make our own independent investigation. They are not the only ones who knows how pieces of these work.¡±

The bailout was supposed both to face the economy, but the oversight panel says for the treasury giving the funds without agree of the oversight panel, they rolled very confident that they are trying to restore.

CBS News, Capitol air

 

windstar

Even with the backing of congress, the oversight panel didn't have any better luck than we did getting answers from treasury department about how banks are spending 187 billion dollars in tax payer funds.

"I was very surprised at number of questions that we put treasury for and received no responses at all."

"What did they say?"

"I was deeply suprised."

Warrens congressional oversight panel asked the treasury department 45 questions but said treasury didn't provide complete answers and failed to address number of quesions at all. Therefore more than three months in bailout, the panel still did not know what banks were doing with tax payer money. The trouble assets relief program called tough for short was supposed to buy mortage assets but more to the entirely different approach invest funds of big banks. The oversight panel said initial concerns have grown due to treasury shifting explanations.

Today a treasury spokesman said they are trying to track the funds but there will no shifting strategy to make banks more accountable.

"It's really tough challange because of course you know there are many factors that work."

You will get this information and that's be clear. Treasury may not tell us everything, but we will make our independent investigations. They are not only one to understand how this seems work.

The bailout was supposed to pay economy but oversight panel says for treasury to give the funds without great oversight rose the very confidence they are trying to restore.

S*, CBS News, Capitol hill.

¿ÚË®ÍÞ

HOMEWORK

 

Even with the backing of Congress, the oversight panel didn't have any better luck than we did getting answers from the Treasury Department, about how banks are spending 187 billion dollars in the taxpayer funds.

 

"I was very surprised at the number of questions that we put to Treasury for which we receive no response at all"

 

"What do you think.."

 

"Deeply surprised"

 

Warren's congressional oversight panel asked the Treasury Department 45 questions, but says Treasury did not provide complete answers and failed to adress a number of questions at all. Therefore, more than three months into the bailout that panel still does not know what the banks are doing with taxpayer money.

 

The troubled assets relief programme, called "TAPR" for short, was supposed to buy failed mortgage assets, but moved into an entirely different approach: invest the funds in big banks. The oversight panel said they initial concerns have grown due to Treasury's shifting explanations. Today a Treasury spokesman says they are trying to track the funds, but there will be no shifting strategy to make banks more accountable.

 

"It's a really tough, em, challenge, because of course, you know, you know there are many factors at work."

 

"We will get this information. And let's be clear, Treasury may not tell us everything but we making our own independent investigations. They are not the only ones who understand how the pieces of this work."

 

The bailout was supposed to bolster faith in economy, but the oversight panel says for Treasury to have given the funds without greater oversight erodes the very confidence they are trying to restore.

 

Sharyl Attkisson, CBS News. Capitol Hill.

youngsters90

Even with the backing of Congress, the Oversight Panel didn't have any better luck than we did getting answers from the Treasury Department about how banks are spending 187 billion dollars in taxpayer funds.

 

"I was very surprised at the number of questions that we put to Treasury for which we receive no response at all."

 

"What do you think that..."

 

"Deeply was. It's deeply surprised."

 

Warren's Congressional Oversight Panel asked the Treasury Department 45 questions, but says Treasury did not provide complete answers and failed to address a number of questions at all. Therefore, more than three months into the bailout, the Panel still does not know what the banks are doing with the taxpayer money. The Troubled Assets Relief Program called TARP for short was supposed to buy failed mortgage assets but it moved into an entirely different approach: invest the funds in big banks. The Oversight Panel said their initial concerns have grown due to Treasury's shifting explanations. Today, a treasury spokesman said they're trying to track the funds, but that there will be no shifting strategy to make banks more accountable.

 

"It's a really tough challenge because, of course, you know, you know there are many factors at work."

 

¡°We will get this information. And, let's be clear, Treasury may not tell us everything, but we're making our own independent investigations. They're not the only ones who understand how the pieces of this work.¡±

 

The bailout was supposed to bolster the faith in the economy, but the Oversight Panel says for Treasury to have given the funds without greater oversight erodes the very confidence they're trying to restore.

 

Sharyl Attkisson, CBS News, Capitol Hill.

[ ±¾Ìû×îºóÓÉ youngsters90 ÓÚ 2009-1-25 10:57 ±à¼­ ]

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Even with the backing of Congress, the Oversight Panel didn't have any better luck than we did getting answers from the Treasury Department about how banks are spending 187 billion dollars in taxpayer funds.

 

"I was very surprised at the number of questions that we put to Treasury for which we receive no response at all."

 

"What do you think that..."

 

"Deeply was. It's deeply surprised."

 

Warren's Congressional Oversight Panel asked the Treasury Department 45 questions, but says Treasury did not provide complete answers and failed to address a number of questions at all. Therefore, more than three months into the bailout, the Panel still does not know what the banks are doing with the taxpayer money. The Troubled Assets Relief Program called TARP for short was supposed to buy failed mortgage assets but it moved into an entirely different approach: invest the funds in big banks. The Oversight Panel said their initial concerns have grown due to Treasury's shifting explanations. Today, a treasury spokesman said they're trying to track the funds, but that there will be no shifting strategy to make banks more accountable.

 

"It's a really tough challenge because, of course, you know, you know there are many factors at work."

 

¡°We will get this information. And, let's be clear, Treasury may not tell us everything, but we're making our own independent investigations. They're not the only ones who understand how the pieces of this work.¡±

 

The bailout was supposed to bolster faith in the economy, but the Oversight Panel says for Treasury to have given the funds without greater oversight erodes the very confidence they're trying to restore.

 

Sharyl Attkisson, CBS News, Capitol Hill.

 

sunshinegogo

Homework

 

Even with the backing of congress the overside penalty didn¡¯t any of better than we did getting the answer from the treasure department about how banks are spending 187 billion dollars in tax payers funds.

I was very surprised at the number of questions we put the treasure      with no responsible;

Deeply surprised

The overside panal asked the treasure department 45 questions that says treasure did not provide complete answers and fail to address a number of questions of all. Therefore more than 3 months in the bailout that panal still doesn¡¯t know what the bank was doing with tax payer money. The trouble asset relief program called tark for sure was supposed to buy fail mortgage assets but the mo   to entirely different approach in best fund in big banks. The overside panal said their initial concerns have grown to the treasure shifting explaination. Today a treasure spokesman said they are trying to track the fund but there will be no shiften strategy to make banks more accountable.  

It is a really tough challenge because you know there are many factors at work.

You will get this information and let¡¯s be clear. Treasure may not tell us everything but what making our independent investigations. They are not the only who understand how the pieces of this work.

The bailout was supposed to both face the economy but the overside panal says for treasure to given the funds without great erodes the very confidence .They are trying to restore

CY2002319

Even with the backing of the congress ,the overside panel didn't have better luck than we did getting answers from the treasury department about how banks are spending a hundred eighty seven billion dollars in tax player funds. I was very surprised at the number of questions that we put treasury for which we receive no responsible in deeply surprise . Warren's congressional overside panel ask the treasury department 45questions that says treasury did not provide complete answers and failed to adress a number of questions at all.therefore, more than 3 month end the bailout . The panel still dosen't know what the bankers are doing with the taxpayers money.The troubled  assets relief program called for short which supposed to buy failed mortgage assets but more than 200 entirely different approaches invest the funds in big banks.the overside panel said their initial concerns have grown do the treasury shifting the explanations.  today the treasury spokesman said they are trying to check the funds that they will be no shift in strategy to make banks more accountable. it's really tough and challenge because of cause you know there are many factors at work . we will get the  obligation  and and let's be clear tragery may not tell us everything but we're making our independent investigations. We are not the only on who understands how the pieces of this work.  The bailout was supposed to foster the economy but the overside panel says for treasury to given the funds without greater overside erose the very confidence they are trying to store.Sheral Ackison CBS news ,Capital bill.