Is Henry "Lex Luthor" Paulson making your taxpaying bailout money work for you?

I think not. The day that Paulson received the $700 billion from Congress from the bailout plan, what does the snake oil ex-CEO saleman of Goldman Sachs do with the money? Check it out:

U.S. Treasury to Hire Private Contractors to Spend Bailout Billions The U.S. plans to hire five to 10 asset-management firms as Secretary Henry Paulson establishes the government's new office for handling the financial bailout, a Treasury official said. The department will also add about two dozen new employees, a mix of bankers, lawyers, accountants and others, the official said today on condition of anonymity. Some of the Treasury's new employees will be on the government payroll, while others will be contractors, the official said.

Also this news about AIG:

A.I.G. Uses $61 Billion of Fed Loan --A.I.G. chief executive: In addition to using the $85 billion Fed loan, A.I.G. would be able to participate in the $700 billion bailout program signed into law by President Bush on Friday. The American International Group said on Friday that it had already drawn down $61 billion of the $85 billion emergency bridge 'loan' it received from the Federal Reserve two weeks ago, an announcement that startled credit ratings agencies. A.I.G.’s chief executive, Edward M. Liddy, said A.I.G. would keep a continuing ownership in its foreign life insurance businesses, most of which operate in Asia. Other than that, he said, virtually everything else under A.I.G.'s corporate umbrella was for sale. Mr. Liddy said it was impossible to say exactly how much money A.I.G. would have to raise to pay back the Fed and emerge from its crisis...