Our world is full of ironies. However, often, these “ironies” are revealed to be lies. Let’s take a look at the Bank of America (NYSE BAC) which today stands at a crossroad. This behemoth of the financial world absorbed both Countrywide Mortgage and Merrill Lynch. All this, in the midst of its own internal failures. So, which one is this?…an irony or a lie?

The B of A CEO, Kenneth Lewis, stubbornly holds on to his position and the Treasury Department isn’t making any moves to displace him. Irony or lie?

Bank of America has already accepted two rounds of taxpayer support totaling $163 billion that included preferred stock purchases and asset guarantees. Chief Executive Officer Lewis has said that the Charlotte, North Carolina-based company will rebound from a fourth-quarter loss without more government assistance. In fact, Lewis is proclaiming a “miraculous” B of A turnaround before years end, with it actually turning a profit. Hard to believe that B of A can go from the depths of loss to turning a profit so quickly. Now, I’m not a financial whiz (in fact I just barely keep my checkbook in balance), but how a company goes from needing billions of dollars in bailout funds to turning a profit (all within one year, i might add) is nothing short of amazing. Is this just another irony, or is it a lie?

It makes me wonder just how many other beneficiaries of the federal bailout are going to do the same thing. Which also begs the question: Did the recipients of the bailout really need the money they received?

Along these same lines, I heard something just yesterday that caught my attention. It seems that there are some banks who want to pay back their TARP bailout funds, but apparently there is no mechanism in place to allow for paybacks. Imagine loaning out billions of dollars but not making any arrangements for payback. Irony or lie?

So where does all these scenarios leave you and me? Scratching our heads in bewilderment.  From bailout to bailout, trillions of our dollars are being spread around the country. Helping businesses in trouble and even some that are not in trouble. Why? Well, if we listen to the feds, it’s to save our economy from another Great Depression. In the interest of fairness, we must also consider another reason that is raising its head. That is, that all of these bailouts are given in order to put our government at the helm of the business world. Again that nasty question: Why? As some would tell you- it’s all a part of a larger move to redistribute wealth. Under this model, anyone making more than $250,000 per year have more money than they need.

Maybe it’s time for you and me to begin connecting the dots, or as is often said: Follow the money.