Don't worry about it if you don't remember it, because the Treasury Department isn't using the money to buy "troubled assets" after all. Instead it is buying bank stock with the $700 billion that was, apparently, authorized with no strings attached and no oversight.
Dan Arnall at ABC is calling this "change in plans" a "quick pivot" and asks if "this is the biggest bait and switch in American history?"
It sure smells like it.
A big thanks to the majority of our representatives in Washington, D.C., for the stench.