Feb.5th article headlined Overpaid $78B for Bank Stocks and goes on to report:
“Elizabeth Warren, chairwoman of the Congressional Oversight Panel for the bailout funds, told the Senate Banking Committee on Thursday that Treasury in 2008 paid $254 billion and received assets worth about $176 billion.” A similar reports appeared yesterday afternoon at AOL.com and Bloomberg.com.
WATCHDOG: We could not find a word about this extraordinary revelation in the Feb. 6th Intelligencer Journal. And, in its defense, we found no prominent mention in the New York Times or the Wall Street Journal. Especially with another financial ‘bail out’ about to be enacted by Congress, this is hard to understand other than as another sign of news coverage slippage by the print medium.
