Since September, the government has announced three different plans to “bail out just about everybody.”
Here is what the NYT had to say:
“The [third] plan, emerging after a harrowing week in the financial markets, is the government’s third effort in three months to contain the deepening economic crisis and may presage other multibillion-dollar financial rescues.”
There seems to be total panic in the Bush administration right now. It is their baby. They created the current mess with their “anything-goes” Capitalism and their de-regulation of the financial markets.
Another crisis, another guarantee
Bush, Paulson and Bernanke are giving the taxpayer the royal f**k without KY jelly.