Sen. Schumer: ‘We Cannot Have a Situation’ Not To Know if a Company Is Getting Money from the Treasury, Federal Reserve

SCHUMER: "We've been fighting very hard for any — that any bailout fund, money to industries that have trouble, have real oversight and transparency. That's vitally important. We cannot say — we cannot have a situation where when a company is getting money from the Treasury, Federal Reserve, that they — we don't know about it. And we've been pushing hard that any contract that the federal government makes with a company to give it loans, that we know of that contract in a very short period of time, that we can examine it. We in the Senate, those in the House, the press and the American public will see if these things are on the level. Because we all know there was a load of dissatisfaction with TARP."