paxjds

Beige Book, Black Picture

The Great OZ was a Narcissist as is Wall Street/Bankers with its "entitlements" to be bailed out. The Fed and Treasury are like the Wicked Witches, Borderline Disordered Agencies, doing the dirty work of bailing them out, living in a half psychotic-half neuratic world of finance. Congress is a bunch of Proxies stamping everthing with their approval to make it legal.
It would have cost nothing to let the bad banks fail, let the bank investors lose their investment, and let the suckers who bought the great "packaged mortages" lose a big chunk of their investment.
Now Wall Street, Big Banks, and Congress have passed the losses down to mainstreet affecting everyone. Obama's team is Bush team #2, no different. Both parties are in this fraudulant bailout together.
They have no shame! How Narcissitic!
God help th USA, as they sure are not.