[sickoflibs]

RE :”I am not going to hang the bailout on palin. She was on the ticket, running against the forces of darkness, and had to tow the line or step off the ticket. The bailout will one day prove to have been a boondoggle when these major banks are broken up and assets taken into receivership”

I think your bailout-Palin reply comment above was meant for pa, you put my name first. I wasnt planning on getting into that subject today. I have in the past (not recently), but some of these 2008 position arguments have been repeated to death on both sides.

I will just add that I noticed that Republicans thought TARP was great when a Republican president would spend the money, but all turned against it (after passing it) when Obama got it.

[johncocktoasten]

Writing govt insurance for the underlying assets would have liquified the market and even made money in the end. The CDS gamblers needed to be flushed down the crapper anyway. Cash money to payoff unregulated/uncollateralized trades is what happened and that is horsesh*t. I seriously considered taking every loan my in laws have taken and failed to pay back to the Fed discount window to see if I could get some cash. It’s the same thing after all.

Way off topic tho’...