Fool Me Once..., Fool Me Twice!

What kind of Fool would invest money in the stocks of a failing bank? Not many people I know. But if I read correctly, our Federal Government after all of their late night meetings and bringing in the most brilliant economic brains quickly decided to "bail out the banks"; not by way of loaning them money with specific strings attached requiring a dollar by dollar accounting and contractual demands that a certain percentage of those monies be used for lending, but by purchasing their stock "in hopes" that they might use the money to make loans and stimulate the economy. And these same banks with their same incompetent managers can now rightfully turn to the U.S. citizens and tell us they refuse to answer any questions regarding how they have spent the bail out monies and have no obligation to make such information public?
No wonder all of the financial institutions in this country have gotten use to operating in a no-regulation La-La land with no accountability to anyone -- our Government has just given them $325 Billion to keep doing the same thing and they feel entitled to do so even with OUR money. Why didn't we put our own government regulators and spending auditors in every bank we invested in with bail out monies? Why weren't these banks immediately required to set up a dollar in/dollar out accounting system regarding the bail out monies? Just who are the failing banks we bailed out accountable to, if anyone? Obviously, they don't feel accountable to their major stock holders -- the Federal Government, i.e., the American people. And why should they? We gave them money, not only without demanding accountability and a pay back system, but also with no collateral?
Who does the government think they are this year, Santa Claus? I now wonder if this same irresponsible Santa Claus of a government is going to have enough left in its bag of goodies to protect my deposits under the FDIC.........Ho, Ho, Ho!