Treasury Releases Report on Bailout Expenditures

Oct 30, 2008 | 29 sec read | Print Article

The Treasury Department has released its first bailout “transaction report,” which documents where $125 billion of the $700 billion in the bailout bill is being spent. The list is somewhat behind the public announcement by the banks that are participating in the program. The initial report documents the first $125 billion investment in nine banks that the Department made earlier this month.