The New York Times summarizes what’s been happening with the “bailout” money: “When the government said it would spend $700 billion to rescue the nation’s financial industry, it seemed to be an ocean of money. But after one of the biggest lobbying free-for-alls in memory, it suddenly looks like a dwindling pool.”
You mean those with political power are the ones to get the loot? Who ever would have guessed?
Remember that George W. Bush and John McCain are largely responsible for this gigantic swindle. And that’s one of the big reasons why McCain lost and richly deserved to lose.