No oversight was a provision that our was agreed to, exactly what did they expect would happen with such provisions? Paulson could spend the money on a trip to the moon and nobody could say a single word about it. After all, he’d help the economy by employing thousands of defense industry and oil company workers!
The money that WAS actually given to the banks had no strings attached, no clause requiring them to do anything at all with the money, what did anyone think would happen?
And, even if the banks did actually lend money, who exactly is in the position to get MORE into debt? That is what got us into this stinking mess in the first place! More debt will not solve a problem where’s too much debt. You can’t save a drowning man by pushin him further under water.
