Wall Street Watch

A congressional panel overseeing the financial bailout reported that some measures are working, but the panel headed by Professor Elizabeth Warren called the results "mixed" and said the financial crisis "is far from over." She suggested that getting rid of top executives and liquidating problem banks may be a better way to solve the economic crisis. Senator Bernie Sanders, who voted against the bailout, has proposed giving Warren's panel subpoena power to investigate what cause the economic cri

A congressional panel overseeing the financial bailout reported that some measures are working, but the panel headed by Professor Elizabeth Warren called the results "mixed" and said the financial crisis "is far from over." She suggested that getting rid of top executives and liquidating problem banks may be a better way to solve the economic crisis. Senator Bernie Sanders, who voted against the bailout, has proposed giving Warren's panel subpoena power to investigate what cause the economic crisis. Meanwhile, there is almost no scrutiny of more than $2 trillion in loans and loan guarantees by the Federal Reserve. "How can you put $2.2 trillion of taxpayer money at risk and not know who is receiving that money?" Sanders asked before the Senate voted 59 to 39 to require disclosure. "What's worse, that we need a law to find out which financial institutions receive taxpayer bailout money or that 39 senators voted against it?" Lou Dobbs asked on CNN.

To read the latest Congressional Oversight Panel report, click here.

To answer Lou Dobbs' question, click here.

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