[SE Mom]

I think he's starting that already. Last night at 10 pm Lindsey Graham was sent out to talk about this on Greta's show. Here's his quote:

He's working the phones trying to find a way forward that would protect the taxpayer...and this deal that's on the table now is not a very good deal...20% of the money that should go to retired debt that will be created to solve this problem winds up in the housing organization called ACORN that is an absolute ill-run enterprise. And I can't believe that we would take money away from debt retirement to put it in a housing program that doesn't work.

[dr_who]

ACORN is a “housing organization”? ACORN is a left-wing group of “community organizers” and Dem party hacks. ACORN is Obama’s slush fund. It’s a “housing organization” like the NSDAP Brownshirts were a gardening club.

[JEH_Boston]

And Lindsey Graham didn't read the fine print very well. The verbiage indicates that "Not less than 20 percent of any profit realized on the sale of each troubled asset purchased under this Act shall be deposited as provided in paragraph (2)."

It appears that the way it is written, the 20% is only applicable to each asset that shows a profit and is not offset with the assets that end up at a loss. Following this logic, the majority of the funds "temporarily" borrowed would end up being either being lost or provided to ACORN. The ultimate cost to the taxpayers could exceed the $700B depending upon how many times this money is invested and returned.