Corruption circles around $700 billion distribution – it is a big severance pay for the Bush Administration
Paula Malavi
Nov. 15, 2008

Before they disappear in the crowd with all that $700 billion, it is time to stop and ask some questions. A senior US Treasury official came under attack on Friday as critics of the $700bn bail-out from the left and the right questioned whether the Bush administration had deceived members of Congress over how the funds would be used.

Congressional leaders, including Chuck Schumer, a Democratic senator, and Spencer Bachus, a Republican congressman, applauded a Treasury move this week to scrap plans to purchase troubled securities in favour of direct capital injections into financial institutions.

But Mr. Paulson needs to be watched. The Wall Street insider is planning to distribute the money among his friends and former associates before taking a corpoartte position again, perhaps in Europe this time to hide from American public and law enforcement.

No one knows what they are doing with the tax payers $700 billion. No one is watching them as they plan to run away on January 20, 2009. Ineterstingly, Obama is hiding in Chicago too!

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