Thursday, December 18, 2008

Trust me...I know what I'm doing.

Too bad no one else does.

"WASHINGTON – The top government watchdog overseeing the nation's financial bailout said Thursday she's frustrated by the Treasury Department's refusal to explain how it's doling out billions in taxpayer money."


"Treasury Secretary Henry Paulson originally intended to use the money to buy risky loans from banks, freeing them to make new, safer loans. Shortly after the money was approved, however, Paulson announced the money would instead be used to buy stock in U.S. banks."
--AP Article, via Yahoo.

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