Bailout goes belly up

Posted at 3:22 PM on September 29, 2008 by Bob Collins (4 Comments)

The big bailout package has gone toes-up and there are smarter people than me on the site who can tell you the big high falutin' meaning of it all.

Many of us just want to pull the covers up , stuff a pillow over our head, and maybe dream that somewhere it's still "the way it used to be."

One disclaimer. This piece was actually produced last April, back when the feds thought they had the mortgage crisis "contained," although I can't remember if that was the first time they had it contained, or the second time.

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Comments (4)

Speaking of the way things used to be, I'm investing in a sure thing: tulip bulbs.

Posted by sm | September 29, 2008 4:13 PM

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whoever is hiding under their blankee -WE are all in this one and WE will get through it

Posted by 2 lips for a better world | September 30, 2008 12:10 PM

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I heard this bill described as investment in infrastructure. I think that is accurate. At the least it is a repair. The credit market is tangled. It could untangle and recover gradually and painfully without intervention, but action to create liquidity is what could reduce the pain. Help is what the government should do. The weakest most vulnerable politicians are the ones who voted against the bill. We need leaders who vote for the best solution for the country based on what is known, rather than kowtowing to what the angry, emotional but uninformed say.

Posted by JB | September 30, 2008 7:23 PM

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//Help is what the government should do. The weakest most vulnerable politicians are the ones who voted against the bill. We need leaders who vote for the best solution for the country based on what is known, rather than kowtowing to what the angry, emotional but uninformed say.//

help bail out the greedy?
if the politicians who voted no are weak than how the heck did they crap on your bill?

Posted by 2 lips for a better world | October 1, 2008 2:34 PM

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