Two Years Later Washington Still Can't Say What The Goal Of Automotive Bailout Really Was

The panel overseeing the $700 billion fund that was used to rescue Wall Street financial institutions and the U.S. auto industry says the jury is still out on whether the auto industry was salvaged for the long-term by the taxpayer-funded bailout.

In a final report released today, the bipartisan Congressional Oversight Panel, which has monitored the bailout for more than two years, said it will be difficult to determine the success of the $85 billion auto rescue "since Treasury has never clearly stated its goals in assisting the companies."