Bush Treasury Secretary Hank Paulson just wrapped up his press conference announcing the Mother of All Bailouts. He said a “bold” approach was needed to achieve “stability” in the market. Let me translate that. “Bold” = Massively massive, taxpayer-funded rescue. “Stability” = Privatizing profits and socializing losses on a scale we have never seen before in our lifetimes. I have had it with Pollyanna conservatives who continue to parrot the “fundamentals of the market are great!” line. The fundamentals of the market suck. The fundamentals of capitalism have been sabotaged.