Saturday, September 20, 2008

On the Trillion Dollar Bailout: "That is not exactly an odd lot transaction..."

We say Across the Curve get's the the prestigious Climateer Line of the Day Award.
(although their deference to the AP's lowball $700 Bil. figure made the voting closer than it should have been)

First runner-up, from "How Can You Think About Wall Street When Business Dispute Tearing Olsen Twins Apart?":
“Ashley really wants to be a respected businesswoman and be taken seriously,”...
I'm learning more and more about our readers.

By-the-bye, the bailouts will total a minimum $1.3 to $1.6 Trillion (some think an even $2,000,000,000,000). Should it hit the top end of the 1.3-1.6 range, plan on ponying up $5300 for every man, woman and child in the country; $21,000 for a family of four. Cash money.
Then we have to pay for the FDIC.
I'd be remiss if I neglected the Pension Benefit Guaranty Corp.
(already the largest writer of pension checks in the country)
Don't plan on retiring. Ever.
Even if the PBGC stays solvent, we need your income taxes.

Every Federal Legislator with four or more years tenure should be...
(you fill in the blank)