Makes Sense

No Bailout? Heaven Help Us

"At this time more than ever, we need to restore confidence in our financial institutions."

Yeah, sure. And when your champion athlete looses his legs you need to prop him up on stilts and give him a lifetime achievement award.

Do I hear whistling in the dark? The 'do nothing' option was ideal. Let the jerks fail -- sorry if you bet on them, but that's life -- and, believe it or not, there will be healthy banks that survive and will pick up the pieces. But I guess we prefer to keep the geniuses who got us into this mess in charge, fiat legs and all.