NEW REPORT: $700 BILLION BAILOUT BEING ABUSED BY BANKS - FRANKEN DEMANDS HEARINGS
Posted in Press Releases on October 29th, 2008NEW REPORT: $700 BILLION BAILOUT BEING ABUSED BY BANKS - FRANKEN DEMANDS HEARINGS
Franken Opposed Bailout, Now Calls For More Oversight As New York Times Reports Taxpayer Dollars Are Being Used To Help Wall Street Profits Instead Of Economy
New York Times Editorial Today: “The Bailout Should Not Be An Occasion For Banks To Make A Killing.”
SAINT PAUL [10/29/08] - DFL Senate candidate Al Franken, the only candidate for Senate who opposed the $700 billion Wall Street bailout, today called for immediate hearings in light of reports indicating that banks may not be using those funds to unfreeze credit markets but rather for other purposes - with the encouragement of the Treasury Department.















