It seems that we are rewarding failure after failure with more of our money and lives.

Why doesn't anyone care that we just bailed out profiteers and reckless investors and stupid borrowers to the tune of over a trillion dollars, and that the Bush Administration(!) is overseeing the bailout with NO oversight!

You'd think that people would be a bit concerned.

"Why doesn't anyone care"

I do.

For now I care about $3,333.33 worth.

What I find fascinating is the administration didn't realize there was a problem until 4:33 Wednesday afternoon. Thursday evening Bernanke and Paulson met with the Democrats, Friday morning with the Republicans. Friday afternoon they had this almost a trillion bailout legislation ready that needed to be passed ASAP.

How carefully written is this monster? Congressfolk have the weekend to read it, comprehend it, see the wisdom in it, and pass the motherfucker by the end of next week or else.

We're fucked.

"We're fucked."

Posted by TedBaxter

Well, duh.

The essentials are FUCKED.

Be Well.

That trillion he pissed away on Iraq would do ok. Fucking stupid asshole Bush fucking moron.

Betelg,

No, the administration is only rescuing the incompetent millionaires, the incompetent middle and lower class can go fuck themselves.

I find it astounding that Congress allows all these mergers and deregulation to go on, stripping away all the depression era protections that were designed to prevent this type of collapse. Then the administration cries that the companies are "too large" to allow them to fail.

Bullshit. If AIG were to fail, the bankruptcy trustee would sell off it assets to smaller competitors. It's business would be spread amongst smaller, more efficient insurance companies.

Interrupting the natural cycle of economics with infusions of cash and bailouts is not in the long term best interests of this nation or the world.

If a company is "too large" to fail, then it should be broken up into chunks that are more manageable.

This is just an excuse to bail out millionaires. Socialize the loss.