Wednesday, November 12, 2008

Face Bigelow #83 - Bureau Of Bailout Needs A Bailout...

This is completely insane. Paulson Backs off asset plan; crisis deals at risk. I agree with trying to put the train back on the tracks, but standing in front of it while it's still moving might not be the best idea after all. Did we all get sold an $800 Billion bottle of snake oil? Do we want to buy some more?

Big: We gave all the bailout money to the banks.
Big: None of it is going to relieve mortgage debt like we said it would.
Big: The banks are now hording the cash or using it to buy their competitors.
Victor: Your plan was to fix a greed problem by giving the greedy people more money?
Big: We need another bailout plan to bailout the first bailout plan.
Victor: Maybe we should stop and do an audit. Let's start with your account...

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