Even though I agree that the bailout is ill-conceived, I almost stopped reading at this point. Spicing up your rhetoric with a little hyperbole is ok when done tongue in cheek, but this is a little ridiculous.
Ill-conceived ?
So you’re OK with taking tax dollars to pay out to GSE bondholders who bought the bonds knowing that on the prospectus it said “not backed by US Govt” and were paid a premium over Treasury rates as a consequence ? That our government is trying to artificially prop up housing prices with our tax dollars (actually borrowed) instead of letting them resort to the historical mean so they can be affordable ?
You like the creation of rigged markets ? You like paying higher taxes so banks won’t lose so much money on loans made from bad judgment ?