CaptBob

Paulson Tops Gross, Greenspan and Ackman in the Mortgage Battle

It's Bankers helping Bankers--in the guise of public housing salvation.
Or Banker wolves in John Q's clothing.

What is really beautiful about this is it moves private enterprise under the Federal umbrella, while appeasing the Privateers by allowing them to squirrel away any "tranches" of value for private profit, while Socializing all the toilet paper of no status but "Debt" to be later paid for by the taxpayer.

I saw this one coming, to the letter, at the first Freddie and Foolee whimper!.