Old Coach

Winners and Losers in the Bailout Bonanza

Buffet goes in for GS so GS wins. Bailout from former GS CEO so GS wins. Ex GS exec now WB CEO offloads toxic paper then probably does deal with GS so now GS and WB win. BAC just got ML for a steal so BAC wins. MS will find a way to win.

Congress is posturing. They've got a gun to their heads and they know it. Mark to market accounting will be adjusted so all financials will get a break and off we go til the next crisis.

Meanwhile the idiots that we elect on both sides of the aisle will keep trying to blame each other. Throw mud at everyone in the arena so decent intelligent people stay away. All the while, the Chinese are fixing to lend us our lunch money and then eat our lunch!

Where have all the grown-ups gone?