OK, who here knows where in the hell we spent the first $350 billion of the bailout?

[RiverStone]

Case in point here:

Democrats and Republicans have expressed reservations about releasing the remaining funds, citing displeasure with the way the first half was handled.

"I think it would be very difficult voting for the TARP funds because in the first $350 billion, there was no transparency. We don't even know how it was spent," Nevada Republican Sen. John Ensign told CNN.

http://www.cnn.com/2009/POLITICS/01/14/obama.economy/index.html

We all know that the Iraq war resulted in untold billions of dollars being lost in a vacuum, but how is it that there is no real accountability for domestic spending in the form of $350 billion dollars? No receipts, paper trails, accounting software --- the gov just spent our hard earned taxpayer dollars on mystery meat?

Tell me someone is looking into this...

[Hydra]

1. Feel free to hold your breath

I'm just happy Bushco couldn't get access to all of it, or a second one(which they asked for)

That money is gone. Flushed. Just as many of us predicted.

[ananda]

2. I do.

Buying overseas institutions.
Off shore accounts
High price luxury parties and trips
Executive bonuses
Etc

[Andy823]

4. Don't forget

It allowed the big banks who got the money to buy up all kinds of smaller banks with the taxpayers dollars instead of "loaning" out the money like they were supposed to do!

[customerserviceguy]

11. Yep, and the banks that got bought out

saw two things happen to their employees: The little people got pink slips, and the muckety-mucks who made them weak banks got golden parachutes.

[Solly Mack]

3. Now, now....let's not dwell on the past

Snicker

[ixion]

5. remember Hank Paulsen down on one knee, begging Nancy for money

I said it was a ripoff then, and I think I've been proven correct. The money has vanished. Poof!

[Ikonoklast]

6. Thank God It Passed!

*crickets*

[Mist]

7. Lots of spa massages to overcome the trauma of *almost* being turned down for

the bailout.

[lib2DaBone]

8. BONUS POOL IS BACK..Plus CONgress just gave themselves a nice big raise

BONUS POOL IS BACK
MORGAN STANLEY, CITI PLAN $3B IN BIG-SHOT HANDOUTS
----------------------------------------

Morgan Stanley and Citigroup are looking at setting aside between $2 billion and $3 billion to keep top brokers at the wealth-management shop the two banking giants are close to combining, The Post has learned.

http://www.nypost.com/seven/01132009/business/bonus_pool_is_back_149888.htm

[chill_wind]

9. K&R.

[4 t 4]

10. That's my question

what if we don't do the second 350 Billion so what-right?