Roughly half of the financial bailout money has been spent with little or no accounting of where the money has gone, according to a coalition of taxpayer and government transparency advocates.

The coalition has sent Congress a letter, a PDF of which can be found here, urging disclosure. On the journalists side, Bloomberg has been leading the charge to find where the $700 billion bailout is going.

Meanwhile, OpenTheGovernment.org is compiling a rather unique clearinghouse. It's about what we don't know about the bailout.

— NC

Labels: Bailouts, Corporate America, FOIA