Change of direction or did they fib to us? A little less than three weeks ago, Henry Paulson announced that as part of the 700 Billion dollars that we are sinking into our financial system, that the Federal Government would be buying up "bad" mortgage securities. Now, they back track. It seems that the Treasury Department now feels, after they already got their money and approval from congress, that the money can be better spent by buying up stock from the banks that they choose. So, who gets the money? I guess that with absolutely no transparency to date, it's whomever they want it to go too? So, are we leaving it up to the Treasury Department now to decide which banks essentially get Nationalized? It would be nice to know exactly where our money is going and why. Don't you think?
