Ah, yes. Now, two years later there is a real ponderance of what actually happened when Paulson gave $350 billion to his own corporation and his cronies. Isn't there?

...Attorneys general (click title to entry - thank you) in about 40 states may announce as early as this week a joint investigation into potentially faulty foreclosures at the largest banks and mortgage firms, Bloomberg News reported on Oct. 8, citing a person with direct knowledge of the matter. The investigation may center on claims that employees at home lenders and loan servicers signed court documents without ensuring the information was accurate....

This action by the State Attorney Generals is fairly easy to understand.  The paperwork to reprocess mortgages was so complicated that people applying for them were losing their homes before the process could be completed.  Basically, the bankers that defrauded the 'process' designed by Lawrence and Giethner failed to bring about real results.

It wasn't like the ORIGINAL corporate bailout of the banks that had NO terms attached to them.  Not at all.  People were allowed to suffer the consequences of failure that the investment banks never did.  Just that simple.  The process to refinance failing mortgage borrowers was so complicated many lenders participating 'ON THE GROUND' with people attempting to save their homes, couldn't get everything processed in time, so the lenders simply undercut the process.  Does that mean the refinancing went to borrowers able to handle the new loans?  No.  It meant PERHAPS the people refinancing their home(s) MIGHT be able to handle it.