Rome eventually understood that its imperial frontiers exceeded its resources and pulled back. This realization has yet to dawn on Washington. . . .
Simple Truth: Here’s the bottom line on the AIG bailout and the TALF. They are stealing taxpayer money. They want you to be upset about the couple hundred million in bonuses. They do not want you to notice the couple of trillion they have stolen so far, nor to notice they are getting ready to steal a whole lot more.
Tiny Tim’s Asset Plan: The Geithner Christmas Club plan for curing the banks of their toxic assets reportedly involves some rich guys putting up 3% and the taxpayers putting up 97% and the rich guys taking all the profits and none of the losses. What could possibly go wrong after all private investors are “kind of doing us a favor“.