The difficulty of tracking Bailout funds

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A lack of transparency and improper oversight of the distribution of bailout money have some government officials demanding for accountability.

What the experts say:

Senator Bob Dutton

"A big problem I've seen is the government just seems to have a tremendous problem in doing any kind of an oversight and there's a severe lack of accountability," Dutton said. "I have real concern when we get involved in this kind of funding."

"I don't think government should be involved in a bailout period. I appreciate the urgency, but there shouldn't be a necessity for the government to be in the bailout."

Rep. Grace Napolitano

"There are serious concerns about accountability and it is very difficult to see whether the money the Administration is giving to the financial industry is reaching small businesses and working families."

Jo Maney, press secretary to Rep. David Dreier

"Congressman Dreier has already expressed concern to the Treasury Department and Federal Reserve about the tracking of TARP funds and the need for greater transparency and accountability in the process. He has also joined his colleagues in asking the Democratic leadership to conduct hearings on the matter in order to get some answers for the American people. With the taxpayers' hard-earned dollars on the line, we need to take greater steps to ensure this money is being spent with its intended purpose - to get our economy moving again."


About this blog

Sandra Emerson has covered the city of Upland for the Inland Valley Daily Bulletin since 2008. She started the Upland Now blog in August 2008. To contact Sandra Emerson, leave a comment on this blog or send an e-mail to Sandra Emerson.

About this Entry

This page contains a single entry by Sandra Emerson published on January 2, 2009 5:26 PM.

Upland church members help orphans in Kenya was the previous entry in this blog.

Bailout confusion: a local perspective is the next entry in this blog.

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