fiddle2 monthly archives

Date: 2008-10-06 15:05:46 (Author: trav)
Link: http://travis.kroh.net/archives/005064.php

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"...the answer is because had we not done anything, people like the folks behind me would be a lot worse off."

Step 1: Let the banks fail.
Step 2: ???
Step 3: Armageddon!

Nobody has satisfactorily connected the dots for me yet. For that matter, I'm still pretty unconvinced that a corollary exists of:
Step 1: Buy a bunch of worthless debt.
Step 2: ???
Step 3: Crisis averted!

We were almost certainly screwed before. With the passage of this legislation, we've arrived sliding into full-on screwed.