Posted by The Heretik at Tuesday, February 10, 2009
It's a good thing the bankers are around to flog. Congress creatures can flap their gums and chew on all the bad bonus babies. Well connected and well noted enabler T Sec dinosaur Geithner can continue to give away the store. A new bad bank will allow the bad bankers to lose their losing loans and guarantees a profit for the rapacious raptors who stayed away from the stinky loans before.
The best of all possible worlds if you are a bad banker with a bad record? "Mr. Geithner largely prevailed in opposing tougher conditions on financial institutions . . . "
Dude, where's my bailout? The good news is you got yours. The problem is you won't get money stuffed in your front pants pocket. We are all getting stuck someplace else with something else.