Congressional Bailout Panel's First Report

The First Report of the Congressional Oversight Panel for Economic Stabilization was issued on Dec. 10th. Titled Questions about the $700 Billion Emergency Economic Stabilization Funds, the 38-page document poses and discusses 10 questions:

1. What is Treasury's strategy?
2. Is the strategy working to stabilize markets?
3. Is the strategy helping to reduce foreclosures?
4. What have financial institutions done with the taxpayers' money received so far?
5. Is the public receiving a fair deal?
6. What is Treasury doing to help the American family?
7. Is Treasury imposing reforms on financial institutions that are taking taxpayer money?
8. How is Treasury deciding which institutions receive the money?
9. What is the scope of Treasury's statutory authority?
10. Is Treasury looking ahead?