Despite all of my and millions of Americans frustrations and disappointments with Congress over the past several months, as least logistically speaking, we had representation in Washington. We may not have liked what they were doing, but it is our own fault, we voted for them.
That was until the Fed, FDIC, and the Treasury Department teamed up to leverage $100 billion of TARP (tax payer) money into possibly $1 trillion in loans which will be guaranteed by the FDIC so that investors can purchase the new and improved "legacy (don't call them toxic) assets" from banks. This scheme that could ultimately put the tax payer on the hook for $1 trillion in loans backed by toxic assets is what Washington is now calling the PPIP, the Public-Private Investment Program.
Why is Washington funding the program this way? Because they knew they would never be able to get Congress to approve another bank bailout.