Jeff Flake: “I think it's incumbent on us in Congress to take better care here. I have been simply amazed at how jealous we guard our…”

“I think it's incumbent on us in Congress to take better care here. I have been simply amazed at how jealous we guard our spending prerogatives here in the House, rightly so, but then when it came to TARP, we simply let them run with whatever they wanted to spend it on. We clearly did not contemplate here, those of us who are considering this in the House, that this money would be used for a bailout of the auto industry, for example. So I just want to make sure that the tools are there to make sure that proper accounting is done and proper review is made of the expenditure of funds.”