After reading and listening to one too many reports designed to update voters on the state of the Federal bail out for Wall Street, I have come up with the only way to respond right now without losing my mind . . . I would like to suggest that the Congress name the act as follows:
The Financial Equality, Absolution and Remuneration Act of 2008 or “FEAR”.
F is for the small group of dealmakers from the financial sector who will be the beneficiary of this taxpayer largesse (I wish I had known we had this largesse before today).
E is for allowing all “bad debt” to be valued the same regardless of what its real (or original) value was.
A is for our pathethic way of rewarding corporate titans for their past sins.
R is a fancy word for “will pay you back, compensate and reward you for making a lot of money and then wanting more”.
What do you fear the most?