Kucinich Calls for Investigation into How Bailout Funds Are Spent
Rep. Dennis Kucinich is calling for Congress to investigate whether banks are using the federal government’s bailout money for fat bonuses.
The Treasury Department is planning to put $250 billion in equity into banks struggling in the financial crisis. Kucinich wants compensation data going back to 2003 from at least 11 banks participating in the program and for each employee making more than $500,000 annually.
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