Cafferty: Should Congress Freeze the Bailout Money?

From the Cafferty File:Republican Senator Jim Inhofe from Oklahoma wants to put a freeze on the remaining cash in the big government bailout of the financial industry. In this weeks lame duck session, Inhofe plans to push for legislation that will require Treasury Secretary Henry Paulsons plan for the remaining $350 billion in the bailout package to be voted on in Congress.Despite promises from Congressional leaders that there would be both, there is absolutely no transparency or congressional oversight on where the first $290 billion has gone. Senator Inhofe suggests Paulson may have given the money to his friends.Inhofe, who voted against the bailout package when it was originally passed, said in a letter to fellow lawmakers this weekend, It is Congresss duty to have a say in what happens with the remaining authorized amount of $350 billion. It is clear that it was a mistake to sign a blank check to one man for such a tremendous amount of money.Heres my question to you: Should Congress freeze the remaining bailout money?