Hi there,

Democracy Now!’s independent journalism is more vital than ever. We continue to spotlight the grassroots movements working to keep democracy alive. No time has been more crucial to amplify the voices that other outlets ignore. Please donate today, so we can keep delivering fact-based, fearless reporting. Every dollar makes a difference. Thank you so much!

Democracy Now!
Amy Goodman

Non-commercial news needs your support.

We rely on contributions from you, our viewers and listeners to do our work. If you visit us daily or weekly or even just once a month, now is a great time to make your monthly contribution.

Please do your part today.

Donate

Paulson Criticized for Misleading Public about Health of Banks

HeadlineOct 05, 2009

In other business news, the inspector general who oversees the government’s bailout of the banking system is criticizing the Treasury Department for making misleading public statements last fall and raising the possibility that it had unfairly disbursed money to the biggest banks. A new report by inspector general Neil Barofsky found that former Treasury Secretary Henry Paulson and other officials deliberately created the impression last year that banks receiving huge government cash infusions were healthier than was the case. But privately, officials worried about the health of several of the banks.

The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.
Make a donation
Top