Tuesday, December 9, 2008

Only $15 Billion Left in Bailout Fund

Related: Half of rescued borrowers default anyway

Coming soon to U.S., 1 million jobs lost every month

And the best part? All being done ON PURPOSE and AS DESIGNED!

And yet, the American people do nothing.

"Just $15B left in first $350B of gov't bailout; Just $15 billion left in first $350 billion of federal government's bailout pot

WASHINGTON (AP) -- The government has just $15 billion left to spend from the first $350 billion pot of financial bailout money, the Treasury Department announced Monday. The department said $335 billion has been allocated from the first half of the $700 billion program, which was enacted on Oct. 3. The information was contained in a report to Congress.

Treasury Secretary Henry Paulson, who is overseeing the program, is weighing tapping the second $350 billion....

Yeah, WE KNOW!! Paulson to Pilfer Rest of Bailout Fund

I figure RIGHT around XMAS when NO ONE is WATCHING!

Federal auditors last week called for tougher monitoring of the $700 billion bailout program to ensure that banks limit their top executives' pay and comply with other restrictions.

I thought we got those!!! That's what the damn politicians said when they passed the damn thing! Oh, yeah, there is oversight, there are restrictions. Then we find out there ARE NONE!!