Bailout with a finger wag. The headline is all about "clamping down," but the bigger story is the continued unfettered flow of cash from the Fed to the lending institutions.
So the "temporary" loans from the treasury propping up the financial services industry are ... well ... not so temporary. But hey, those lenders aren't allowed to make shitty loans anymore! Wait, didn't the lenders already make all of the shitty loans they possibly could?
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2 comments:
Well then how am I gonna get my big-screen TV, my surround-sound system, my new sports car, my bearskin rugs, my Ginsu knive collection, my new hovercraft, and my summer cottage? Damnit.
Just prowl the sidewalks during the next wave of foreclosures.
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