I Want a Distressed Asset

Ok, hopefully by now the average American has some ideas on how we got into this current financial mess. You have probably heard about the recent $700 Billion Bailout plan.

SO, the next big question is Who Gets The Money???

"is a law authorizing the United States Secretary of the Treasury to spend up to $700 billion to purchase distressed assets, especially mortgage-backed securities, from the nation's banks."

On the surface it appears that we are assisting the irresponsible in buying up "distressed assets" aka mortgage foreclosures.

I found the above image humorous when doing a Google search for "who gets the money from the bailout"

Notice "This question hasn't been answered yet"