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Bailout Money Uses Shift as Crisis Deepens
Washington officials say the 700 billion rescue, intended to buy devalued mortgage backed securities, is now under review as reports surface of banks using funds for dividends, acquisitions, or bonuses. Planned loans for automakers and homeowners relief emerge amid bipartisan criticism of guiding goals.
MENTIONED IN THIS ARTICLE
Washington, D.C
Congress
Treasury
Alabama
Richard Shelby
Senate
Henry Paulson
Christopher Dodd
Senate Banking Committee
Dodd
D-Conn
PNC Financial Services Group Inc
PNC
National City Corp
Paulson
PBS
Charlie Rose
Charles Schumer
D-N.y