“Arm the COP on the Bank Beat” by Robert Borosage
April 22, 2009, 1:00am

“The decisions that are made in the next six months or so are likely to set the economic course of this country for the next 50 years,” says Elizabeth Warren, who chairs the COP, the Congressional Oversight Panel charged with reviewing the banking bailout. “That’s what happened coming out of the Great Depression, and I think that will happen now.”

So Warren is pushing for Treasury to show us the money. What has been done with the $4 trillion the Treasury Department, Federal Reserve and Federal Deposit Insurance Corporations have poured into the financial houses to date? In February, Warren’s committee revealed that Treasury provided the top 10 TARP recipients with a subsidy of $78 billion over the market value of the preferred shares purchased for taxpayers, even while stating publicly that the purchases were made “at par.”

From: Ourfuture.org