Premeditated?

Interesting story from Daily KOs that is pulling together other articles that suggest the White House and "Senior Advisors" may have been anticipating a bank bail out for weeks to months. Either they are trying to cover their asses by claiming they saw this coming OR they really did see it coming and kept the problem and their plans hidden from everyone else.

But it gets better! The bail out is primarily going to benefit "... investment banks and other banks that have aggressively written down the value of their holdings" according to a high ranking person at Bank of America. That means that Goldman Sachs and Morgan Stanley stand to benefit the most from this $700 Billion bail out. Hey...where did Henry Paulson work for 20+ years before becoming the Secretary of the Treasury.....oh right! He worked for Goldman Sachs, what a coincidence. And seeing as how he was the CEO of Goldman prior to his tenure at the Treasury Department I'm sure he was VERY familiar with Goldman's market position and exposure.

I guess we just have to trust that Paulson would never have talked to anyone in the Investment Banks (like say the CEO of Goldman Sachs that holds Paulson's old job) and told them to just write down as much of their bad debt as possible and we'll just fool Congress into bailing you out.

Am I the only one that cynical?