I found this little site with some nice pictures that will surely bring a smile to your face. They did for me. Thanks to Laurel at Nefaria for the lift and the pictures.
I have heard a lot of comment on the news and the money shows that explain the drop in the stock market yesterday and, especially, the hit the financial stocks took as a result of the lack of specificity in the new Treasury plan for rescuing the banks. I have my doubts. I thought as I listened to the comments that the real explanation lay in the notion that they will not get the second part of the TARP on their terms without oversight. I think the President's comments, in the sound bits on ABC evening news, were right on. They wanted an easy path to times as they were without any penalty to themselves. They wanted it easy, fast and painless. They are scared out of their pointy little heads by the notion that they won't get what they want. Jon Taplin at TPM Cafe makes that same point. Simon Johnson, also at TPM Cafe, makes a similar point and sums up our choices very succinctly. We can either be easy on the banks and let the taxpayers take most of the pain or we can be tougher on the banks and easier on the taxpayers. No one is going to get a pass here. But I think, if we have to apportion the pain, the greater part should go to those who have failed, for whatever reason.
1 comment:
I am sick of winter, too. The lovely 40-60s days are being blown to hell by the huge winds outside. It's scary!!!!
And go over to YouTube and look at this http://www.youtube.com/watch?v=wN0TJ7qJ238
I like this guy!!!!
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