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[商业新闻] 【整理】2009-01-23&01-25 1870亿救援资金监管不力

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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 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.

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