The Dark Side of the Moon

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A Funny Thing Happened on the Way to the Bailout

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A Funny Thing Happened on the Way to the Bailout

Jim Freeman
Oct 5, 2009
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A Funny Thing Happened on the Way to the Bailout

www.dark-side-of-the-moon.com
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TWO HEADLINES FROM THE SAME NEW YORK TIMES: October 5, 2009 Report on Bailouts Says Treasury Misled Public By LOUISE STORY WASHINGTON — The inspector general who oversees the government’s bailout of the banking system is criticizing the Treasury Department for some misleading public statements last fall and raising the possibility that it had unfairly disbursed money to the biggest banks.

--read entire article--

October 5, 2009 Program to Buy Bad Assets Nearly in Place, U.S. Says By EDMUND L. ANDREWS WASHINGTON — The Treasury Department said on Sunday that its scaled-down program to help banks unload their troubled mortgages and mortgage securities would begin operating at full strength by the end of this month, more than a year after Congress authorized $700 billion for that purpose.

--read entire article--

_____________________________________ If any of this makes you nervous or causes a double-take, relax. It's your brand new Obamafied Bushies at work (and we all know how well that la…

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