The Cynic

Problematic GSE Bailout

Hmmm..., why protect bondholders and not stockholders?? Perhaps the anser depends on considering who the bondholders are and who the stockholders are. In the calculus of this decision, Paulson probably thought he could live with the possible hurt to the small banks and individual investors who have equity positions. But the large private institutions, central banks and foreign governments who have debt positions, well..., that's another matter.

Paulson Rolls The Dice At Taxpayer Expense

OK OK, with this delay tactic now in place, what American is going to lead the charge for a taxpayer revolt??!! Really showing your lack of confidence in this way is the only way to get the message to your elected representatives. Now that you're in the throws of a presidential and congressional election, seize the day!