If you thought the bailout of the banks is over and solved, forget about it.

Citigroup (NYSE:C) is now back in the limelight. Like AIG, Citigroup has a portfolio of CDO's (collateralized debt obligations) that are being held "off the books." These transactions are hidden from investors and the public. The US Treasury Department met on Friday and came up with a new wrinkle. It would give Citigroup $20 billion dollars and set up a new insurance program. It would guarantee up to $5 billion dollars for the purpose of assuming a "loss protection" on certain assets. Again there is no definition of which assets would be covered nor is the amount of loss protection specified. It leaves the details to the discretion of the Treasury Department. We can't even find out what happened to first $350 billion dollars. Here we go again with another cloak and dagger operation. I don't know why we, ordinary Americans, can't get answers from the banks as to how the money was spent.

Treasury says the program would strengthen the economy, protect American jobs, savings and retirement security. What a grand scenario.

Can you figure out how to get answers from the banks about how the first $350 billion dollars was spent?