Obama Planning Bailout Board

JOIN TPM FOR JUST $1

In an interview with NBC’s Matt Lauer that aired this morning, President Obama offered a concrete proposal intended to help his administration ensure that bailout money is spent more wisely than it has been until now.

Obama referred to “an independent board … that actually looks at these programs, and the money, before it goes out the door.”

Watch the clip:

Of course, how effective such a board will be is still entirely to be determined. But at least nominally this adds to the evidence that the new Congress and administration appear to understand the need to exert much tighter control over the bailout money than we saw initially.

Comments
Masthead Masthead
Editor & Publisher:
Executive Editor:
Managing Editor:
Senior Editor:
Editor for Prime & Special Projects:
Investigations Desk:
Reporter:
Newswriters:
Front Page Editor:
Editor at Large:
General Manager & General Counsel:
Executive Publisher:
Head of Product:
Director of Technology:
Publishing Associate:
Front-End Developer:
Senior Designer: