The watchdogs (OK, accountants) at the GAO whose job it is to keep an eye on the government for Congress, say they can't tell how well the $800 billion bailout is working.

Nevertheless, GAO has identified a number of preliminary indicators that when viewed collectively should signal whether TARP as well as other related programs may be functioning as intended.

At least there is a plan for how to assess the plan.

The full report they've posted is messed up right more, so I can't tell you more.