7.13.2009

Taxpayers to be forced to bail out CIT so that Democrats can be re-elected

Uh-oh! Another bad lender is in trouble. Time to screw the taxpayers!

WSJ:
"It seems like official Washington is just coming to grips with what would happen if the largest small-business lender went belly up," said Jaret Seiberg, a policy analyst at Concept Capital's Washington Research Group. "It would destroy Democratic hopes of getting unemployment under control before the mid-term election."

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Milestones

I talk a lot about inflation. But today was the first time in my life I actually used a dollar bill as toilet paper.