But hey, it's only money

The Treasury Department has invested about $197 billion of the bailout money. About $49 billion more should soon be out the door (see our running tally here). Are banks boosting lending? Are they hording it? Are they using it to gobble up smaller banks?

Who knows. The Treasury Department certainly doesn’t have much of an idea about how that money’s being spent.

[From Follow the Money? Treasury Doesn’t Wanna - ProPublica]