Paulson may come to regret not investing as much of the $700 bln TARP package as possible before leaving office because it looks like the Congressional Democrats want to use the remaining $350 bln as a grab-bag for favored constituencies. If you are under water on you mortgage, fear not. Congress is on the way. Ditto if you run a labor-intensive manufacturing enterprise concentrated in the blue states.
Since comments from Barney Frank that he sees TARP money going to bailout homeowners, stocks have fallen like a stone and the dollar has rebounded across the board.
