Follow The Money

I, like many Americans, find myself more and more irritated by the depth, breadth, and irrationality of the current economic mess. It now turns out the the 350 billion Hank Paulsen has given out cannot be accounted for--and the banks don't want any oversight at all on how the public's money has been spent--or how it was not spent. More and more, it looks like we have handed a blank check for the public treasury to an administration we cannot trust, and which doesn't have a record of competence.



Remember the day, Paulsen ran to congress--hair on fire--screaming the financial sky was falling. The more you think about that, the odder it becomes. Why then? Why did they only know at that time? Didn't they see it coming? What were they doing instead? Something of that fiscal magnitude had to have been seen bearing down on them like a huge black cloud on the horizon--why didn't anyone know about it? And why didn't anyone do anything?



We are being asked to believe that it was mortgages to those who 'couldn't afford it' that caused this huge worldwide problem. I'm not buying it. Many others aren't buying it either. And the very people encouraging us to take this view are the ones most likely to benefit from our ignorance on the subject.

It's clear we need an investigation of our current financial crisis--by people who know these things and who can understand the details of it. And with full power of subpoena to get at the information, as well. Then, we'll know what went wrong. We'll also go where to look for misuse of the current TARP funds. I'm betting on it.

This is one we can't just 'let go' and hope we can learn from it.