We have been told we are in a horrible financial crisis that might bring down the banking system in America. Worse than the 1980 recession, worse than the post war recession - almost as bad as the depression of the 1930's we are told time and time again.This kind of scare mongering, not surprisingly, has the American people clamoring for government to DO SOMETHING! Hence, bailout after bailout where we, the taxpayer, have hardly a clue as to where the money is going and for what purpose.Well, I've got good news and bad news. The good news is that we have finally tracked down where some of the money is actually being spent.The bad news is that Barney Frank who is playing politics as usual, porked $12 million in an earmark to some banking cronies in his home district: Troubled OneUnited Bank in Boston didn't look much like a candidate for aid from the Treasury Department's bank bailout fund last fall.The Treasury had said it would give money only to healthy banks, to jump-start lending....(Read Full Post)