Just read the New York Times and guess what!!!

Just read the New York Times and guess what!!! Most of that Bailout money called TARP money which stands for Troubled Asset Relief Program, may not be givin to their troubled banks!

Instead! they are just rerouting this money to other assests instead of putting it into the banks which was the reason that taxpayer gave them this money in the first place. The reason, why give money over to something that the government might end up regulating or taking over alltogether? Also these banks are troubled and are not really good investments. So why not just funnel the money elsewhere? Right? Wrong! If these banks don't have the moeny they need then they can't lend money to in the form of loans.

When Chrysler was bailed-out the governemnt did not write a blank check to Chrylers owning company Cerberus, probably because the money might not have gotten there!

There are also more troubles with these bail-outs. The companys that have received this money have not keep track of exactly what they have been spending this moeny on. they claim that money is fungible and is entirely too hard to keep track of. If any other orgainzation, say (e.g. the Salvation Army) was too get money from the government and every dime was not keep track of there would probably be arrests.

This should all be keep in the mind of the American public and most certainly of the new Obama Adminstration. Hopefully the new President will put more regulations the spending and tracking of this TARP money.