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?

Transcript:
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...

Face Bigelow #78 - R Word

It's time for some truth and a lot less of the avoiding blame game.
http://www.forbes.com/afxnewslimited/feeds/afx/2007/10/16/afx4225690.html

Transcript.
Title: Mr Treasury
Big: Housing numbers are bad. Really bad.
Big: The economy is at a point of "correction".
Victor: Doesn't negative growth mean "recession"?
Big: The current administration doesn't allow me to use that word so we are just seeing a "correction" for a few quarters.
Victor: Must be some new form of transparency in government...

Face Bigelow #68 - Bureau Of Bailout - Big Check

This is aimed at both Dick Fuld and Henry Paulson. I don't know much about Fuld, but I have liked Paulson so I don't really think he's bad I just don't like the whole bailout and I do think he has a big conflict of interest having probably lost a ton of equity in the dropping shares of Goldman.

Transcript:
Title: Bureau Of Bailout
Big: Next! Oh hey, my good friend Richard. How can I help you?
Richard: I lost the $700 million I made selling bad mortgage debt.
Big: You came to the right place and used the right buzz words. Mortgage and Debt. After buying a house in the hamptons and bailing out my own Goldman shares I have some money left over for you.
Big: Here's a check for $700 Million. Stop back again if you run into more trouble...
Richard: Wow, that was easy! I guess I can get that new yacht after all...