Monday, January 19, 2009

Perhaps today is not the day

On this day of remembrance which happens to be the last day of an eight year national nightmare, which comes one day before a truly significant symbolic milestone day in our nation's history, perhaps today is not the day to hint that the people coming into office are spineless phony stooges for the corrupt banking industry.

Eh... Krugman didn't think so either.

What I suspect is that policy makers — possibly without realizing it — are gearing up to attempt a bait-and-switch: a policy that looks like the cleanup of the savings and loans, but in practice amounts to making huge gifts to bank shareholders at taxpayer expense, disguised as “fair value” purchases of toxic assets.


I think they realize it, though.

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