On the recordJanuary 15, 2009
The House approved the $700 billion financial rescue package last October only under the condition that banks would be accountable and that taxpayers would know what the banks did with the money. We all know that that hasn't happened. The Bush administration and the Treasury Secretary never held up their end of the deal. They've ignored the measures Congress put in the package to protect the taxpayers. The result: blank checks to big banks and nothing to protect middle class families from foreclosures. Today, the House is going to vote to change this and will strengthen oversight on what the banks and the administration are doing with the funds. The taxpayers have the right to finally know exactly how their money was spent.
Source
govinfo.gov
