http://finance.yahoo.com/tech-ticker/article/242629/Elizabeth-Warren-Americans-Aren't-Here-to-Serve-the-Banks-They're-Here-to-Serve-Us?tickers=SKF,XLF,FAS,C,JPM,WFC,GS
Bailout monitor Elizabeth Warren says the U.S. government "shows strong improvement" from the early days of TARP, when $350 billion was "shoveled into financial institutions" with a "no strings attached" and an attitude of "take my money, please."
The chair of the Congressional Oversight Panel was fairly complimentary of Treasury Secretary Tim Geithner, certainly in comparison to his predecessor in three key areas: transparency, accountability and clarity of purpose for various programs.
But "we started in the basement", she says, in terms of both the government's handling of the bailouts and the public's confidence in how taxpayer money was being spent. The Harvard law professor gives the government an “incomplete” for its handling of the bailouts, up from an early failing grade.
"It's better than it was but I'm still wanting more," Warren says, suggesting a fundamental issue remains unresolved: "Is this all about ‘we've got to fix problem at the top [and] boost high-end financial institutions' or about 117 million American households who really are in trouble?"
