Read This Now - What's Happening With The Financial Bailout

I was going to say TARP instead of Financial Bailout up there but I couldn't bring myself to do it. I'm still chagrined that the elected leadership of the US got together to bailout the financial industry (allegedly to forestall more widespread catastrophe) and then named the bill TARP.

So basically our economy is now a home construction site in Maine, and according to the new oversight report, we have no idea where the money's gone.

Andrew Leonard has the goods, which include lines like these:

That is, to put it mildly, a mouthful, and there are nine other questions just like it, each one of which manages to stick a stiletto into the Treasury Department's guts, while making quite clear what priorities the Oversight Panel supports. There's also a heaping dose of passive-aggressive derision, such as the following.

The actual report is brutal as well.