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What’s Happening to MY $700B?

Oh, that’s right, we all spend seven hundred billion dollars so often I should be more specific… that would be the $700B “we” Americans authorized under the Emergency Economic Stabilization Act

The October 29, 2008 report is up on the US Treasury Site now — you should take a look at it to see who’s getting your money.

Some comments:

  • You’ll notice the list includes several financial institutions who have purchased or are attempting to purchase the distressed assets of smaller banks; I guess we know where they’re getting the money.
  • It’s really convenient that they were able to get just the right number of mortgage instruments together to be valued at an even billion each (hell I can’t remember the last time my credit card bill was an even dollar).

If I sound a little leery of what the “usual suspects” are doing with my money — I am… I want to make sure I get it back (with INTEREST), and I certainly don’t want anyone to expect me to pay for any of these financial institutions mistakes and poor judgment — I’ve already lost 36% of my retirement account, and I haven’t seen any government bailout for that!

http://www.ustreas.gov/initiatives/eesa/transactions.shtml

Originally posted 2008-11-14 08:00:52.

O Captain! My Captain!

O Captain! My Captain!
by Walt Whitman

1
O CAPTAIN! my Captain! our fearful trip is done;
The ship has weather’d every rack, the prize we sought is won;
The port is near, the bells I hear, the people all exulting,
While follow eyes the steady keel, the vessel grim and daring:
But O heart! heart! heart!
O the bleeding drops of red,
Where on the deck my Captain lies,
Fallen cold and dead.

2
O Captain! my Captain! rise up and hear the bells;
Rise up-for you the flag is flung-for you the bugle trills;
For you bouquets and ribbon’d wreaths-for you the shores a-crowding;
For you they call, the swaying mass, their eager faces turning;
Here Captain! dear father!
This arm beneath your head;
It is some dream that on the deck,
You’ve fallen cold and dead.

3
My Captain does not answer, his lips are pale and still;
My father does not feel my arm, he has no pulse nor will;
The ship is anchor’d safe and sound, its voyage closed and done;
From fearful trip, the victor ship, comes in with object won;
Exult, O shores, and ring, O bells!
But I, with mournful tread,
Walk the deck my Captain lies,
Fallen cold and dead.