congressional oversight

Apparently not convinced that the Wall Street bailout law goes far enough to ensure the money is well spent, Sens. Max Baucus (D-Mont.) and Charles Grassley (R-Iowa), both leaders on the Senate Finance Committee, introduced legislation today that would force companies accepting taxpayer money under the Troubled Assets Relief Program (TARP) to open their books [...]

For those already critical of congressional Democrats for not doing enough to ensure that the incoming Obama administration spends the second $350 billion of the Wall Street bailout as lawmakers intended, the words of House Majority Leader Steny Hoyer (D-Md.) today probably won’t be very reassuring.