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You are here News Economy Where'd the bailout money go? Shhhh, it's a secret

Where'd the bailout money go? Shhhh, it's a secret

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Think you could borrow money from a bank without saying what you were going to do with it? Well, apparently when banks borrow from you they don't feel the same need to say how the money is spent.

After receiving billions in aid from U.S. taxpayers, the nation's largest banks say they can't track exactly how they're spending it. Some won't even talk about it.

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