oldgoldbug

No Wonder the $700 Billion Bailout 'Deal' Failed

Thank you. The Devil IS in the details. Spent quite a bit of time reading about the creation of the Fed last nite; the bill is consistent with the reasons why the Fed was created in the first place so none of the provisions should surprise any of us. Good for Ron Paul and the rest of the rebels - they are showing real backbone when everyone else is just rolling over.
Its interesting that those who created the problem are now going to solve it. It sure looks like they are trying to save their buddies. Interestingly, there doesn't seem to be any shortage of buyers for the pieces of the failed enterprises that are sound and worth something.
Finally, all the usual suspects (GS, MS, JPM etc) are lining up to get a piece of managing the biggest pie even they have seen in a while. Would they possibly skim off the best parts for themselves and their favorite clients? Nah, they're way too ethical for that.