How Not to Spend $700 Billion

So...I watched the Paulson bailout plan hearings today and, for those who didn't, here's what happened.

Paulson:

a) doesn't know if the plan will work.
b) doesn't know exactly how the plan might work.
c) doesn't know who would oversee the plan.
d) doesn't know why he needs $700 billion ASAP (he just does - don't ask questions)
e) doesn't know who the next treasury secretary (aka the Forces of Darkness Economic Overlord) might be.
f) doesn't care.
g) doesn't realize what a completely unprincipled, power hungry moron he is.

On the upside, I learned a new word today: "traunch"

Oh...and in related news, guess who's under FBI investigation?

Senior execs from Fannie Mae, Freddie Mac, Lehman Brothers and AIG

The bureau is trying to determine whether anyone in those financial institutions, including their senior executives, had any responsibility for providing "misinformation," CNN reported.

A federal law enforcement official confirmed the FBI is now looking at 26 cases of potential corporate fraud related to the collapse of the U.S. mortgage lending industry.

Maybe Bush can pardon them before he leaves office. That would be the right (wing) thing to do.