Treasury Bailout is FAILING

http://www.thestreet.com/story/10447356/1/treasury-mulls-private-role-in-tarp-report.html

Some excerpts:

"Treasury also is unlikely to conduct any auctions to purchase bad loans and other troubled assets -- the original intention of the $700 billion rescue plan. Instead, Treasury is expected to continue focusing on injecting capital directly into the financial sector, the Journal reports."

"Treasury has just $60 billion left in its rescue fund, and either the current or next administration will have to turn to Congress to request the second half of the promised $700 billion, the Journal reports. Treasury has so far committed $250 billion to banks and is spending an additional $40 billion to buy preferred shares in American International Group"

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These IDIOTS are running out of money.

A LOT of people said 700b was a lot of money. A LOT of people said that 700b was not enough.

Looks like they were right.

Well, DUH, it's not enough, when you totally disregard the initial purpose of the bailout and use it in ways it was never meant to be used!!!

It is starting to look VEEEEEERY suspicious to meeee.... If I was American, I would request that someone starts looking at the PERSONAL BANK BALANCES of all those decision makers for Treasury/Fed. Is it coincidence that the money is going to really really rich fellas that can afford to pay whopping huge bribes?

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You know what? ... all those homeowners with their mortages and loans? Who were cheering and celebrating when this 700b bailout was announced?

They are crying right now. They are going to lose their homes and they are well and probably going to go hungry the next few years. And declare bankruptcy.

Cause the money that was meant to go to them is going to go to America's BANKS. The Large Rich Banks. Specifically, it is going to end up paying for CEO bonuses for their "wonderful" job performance.

Too Large to Fail? That's the catchword going around lately.

Too BIG to be allowed to Fall?

How about: Too small to fail?
As in... the little fellas. The many MANY little fellas. Who are in fact the FOUNDATIONS of your country compared to the corporate figureheads on the top.
If American Government does not help them, who will?
Seriously, why can't Goldman Sachs go and get a 10b loan from China, 10b from Brunei and 10b from selling bonds internationally?
But poor Joe Six Pack... no one outside the USA is going to save him!

Which do you think hurts the country more:

5000 multimillionaires losing 10 million each?
Or 1,000,000 Average Joes losing 50,000 each?

I don't know the answer myself... but I do have my suspicions!
My theory is... the rich can afford to lose a lot of money. They'll still keep their homes, have enough to eat, and frankly, you know that a few years after the recession ends, they'll have earned it all back.
Those million upon millions of low-middle income citizens? They are going to SUFFER. And their children will feel the lingering effects as they will likely not be able to recover from these losses before their children are born and working.

America. Fed. Treasury. You DUMBASSES