$700B+ Bailout? Oh, fur crying' out loud...
Paulson: "the financial markets are clogged with bad debt, and cannot function as is". 'We' have to unclog, but at great expense. What preposterous nonsense.
There are several responsible, intelligent, conservative, old-fashioned banking institutions that acted responsibly and are NOT in trouble. Viz: BAC, JPM, WFC. Check my portfolio. These picks are all UP in value.
Mr. Paulson, puhleeze: your $1T bailout will only benefit those jack*ss banks that gambled big time and rolled 7-out. These bozo's (no offense intended to clowns; sorry to degrade your vocation by associating it with such idiots as investment bankers) deserve to preside over the hideous, public, painful, embarrassing DEATH of the financial institution they loving built, loved, guided, and supported. Let the financial markets panic, free-fall, melt, distintegrate, whatever. The TRUE value of these financial institutions will eventually emerge, and it does NOT matter what the flying heck you do.