Tuesday, October 14, 2008

Nuff Said: Sinfest on Paulson's New Bailout Plan


Paulson:
<Vader>I am altering the deal. Pray I don't alter it any further.
</Vader>
(UPDATE:
According to the Washington Post, the deal is not
voluntary.
Federal regulators said they did expect some banks to volunteer, though none stepped forward yesterday. But they added that they would not rely on volunteers. Treasury will set standards for deciding which banks can be helped, and the regulatory agencies will triage the banks they oversee: The institutions faring best and worst will not receive investments. The institutions in the middle, whose fortunes could be improved by putting a little more money in the bank, will be pushed to accept the money from the government.
)





Clearly someone gets it.

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