[arete]

FYI

Comments and opinions welcome.

Richard W.

[steve50]

They just keep sticking the US taxpayer to bail out the bad loans of the annointed ones. We all know 2-3 years down the road it'll cost us a few more billion.
And the talking heads were saying perhaps Americans should work full time till 75 and part time afterwards the other day. Looks like we're going to have to if our SS keeps bailing out the investment bankers.

[Wyatt's Torch]

Considering that the Rubin/Greenspan alliance of "strong dollar"/"tight money" devestating deflationary policy caused this whole situation, it's the least we could do. That being said, it is also possible that this bailout could be exactly what needs to happen from a liquidity standpoint. See Mexico in August 1982 for reference.

FReegards