"But the real problem with this plan is that it won't work. Yes, troubled assets may be somewhat undervalued. But the fact is that financial executives literally bet their banks on the belief that there was no housing bubble, and the related belief that unprecedented levels of household debt were no problem. They lost that bet. And no amount of financial hocus-pocus - for that is what the Geithner plan amounts to - will change that fact."


I can not believe this. HELL HAS FROZEN OVER. Fallin and Krugman agree the end must be near.

We are not allowing failure. The only thing that will cleanse the economy is failure. The current course of action only hurts our kids and grand kids.



It is a mistake to think businessmen are more immoral than politicians!
Keynes, 1937